Assets did not equal 50 cents on the dollar
I have been opposed discharge becouse of ( Assets did not equal 50 cents on the dollar) Can someone explain this, please Posted from: Ontario
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
Suspended discharge conditions
I was in court for a discharge hearing (2nd bankruptcy) in December 2008. On June 19, 2009 I finally received a copy of the court order: `discharge suspended six (6) months CONCURRENT with the condition that the bankrupt makes payment of $11,630 to the Trustee`. The covering letter from the Trustee`s office states that I […]
Bankruptcy Extension
I filed for bankruptcy Nov 2008, attended the required credit counsilling classes a, paid monthly surplus income overages, etc and now my trustee informs me that they are going to extend my first time bankruptcy for another 4 months becuase of my surplus income throughout the process. My question is how many times can the […]
Terminal Illness
Can someone file for bankruptcy if they are terminally ill? Also, if the person only lives for 6 months after filing, what happens? Would the spouse or estate be responsible? Posted from: New Brunswick
Collection agency harrassment
We have a trustee … we have filed bankruptcy …. collection agency will not stop calling … Statement of Affairs has been issued …trustee says do not answer the phone … calls will not stop …what do we do to gain some peace ? Posted from: Alberta
My ex declared bankruptcy will they come after me now
I just found out my ex declared bankruptcy, now i`m assuming the bank will come after me about the house we jointly own. i do not live there & cannot make the payments. do i have to declare bankruptcy now too? The bank does not have my forwarding info, what if i just ignore it […]
Bankruptcy
My huband and I both lost our jobs and have had a very hard time paying all of our bills on EI…the other day we got served papers to go to court and I am wondering if it too late to file for bankruptcy? Would a proposal help? I am so worried about this…what if […]
Corporate Bankruptcy and The Agency
If my corporation has 300k owing in back taxes to Revenue Canada will bankruptcy erase this debt? Posted from: British Columbia
Other options?
I have about $15,000 in credit card debt and nothing to show for it. I stopped making payments as it was futile. It has been five years since I have been in contact with the debt holders. Is there an amount of time that passes that my debt becomes written off. Like if I wait […]
I am confused
while in banruptcy I lost my job. After having lost my job I started receiving umemployment. Upon the exhaustion of the recall rights from my job, the company then paid me severance, termination pay, and any vacation they owed me. This then created an over payment from unemployment. How does that work? I had to […]