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Most Recent ‘Q&A’ Posts

retro pay owed and filing for bankruptcy

I am filing for bankruptcy next month and have just found out we are possibly getting a pay raise and will be owed retro pay for approx 2 years which will equal 3-4 thousand. My question is becuase this money should have been paid to me before what will happen to it? It will be […]

Co-Sign

How long can you be held to a co-signed loan if the bank and borrower make changes to the loan after 7 years or so without your consent because the borrower has never repaid it. Now after appx 11 years I find out my name is still on this loan and the changes were made […]

Reimbursement

Do I need to report reimbursement for prescription glasses I got from Extended Health Insurance? Posted from: British Columbia

Owing parents and friends money and filing for bankruptcy

Due to a divorce I had to borrow money from my parents. I am now selling my house and have to pay them back, when filing for bankruptcy will I have to give that money to my debts before I pay my parents back?? Posted from: Ontario

Mr K.

Hi.I am about to file for bankruptcy and I don`t have any valuable assets ,but I have a lots of books ,dvds and VHR tapes that I have been collecting for a long time.I was wondering ,could I lose them or could they take them if I file for bankruptcy?I am on social assistance and […]

credit

My wife is considering bankruptcy for her self and small sole prprietor business and was she not comfortable with the first trustee she spoke with. We met with another during which we felt pressured and rushed and subsequently did not proceed. We were then told that from that point on if we continued to use […]

supplementary card

I am a supplementary card holder on my wife`s BMO Mastercard. She has filed for bankruptcy. I have used the card, but this card has never shown up on my credit report and now BMO says my name is on the account and I am liable for the debt. What does the law say about […]

New loan

I got a loan from a bank to pay off my debts about 5-6 months ago with a $500 a month payment. I lost my job and currently on EI and unable to pay that loan , can I file for bankruptcy? Posted from: Ontario

Opposition to discharge by creditors

I filed almost 9 months ago bankruptcy and now creditors opposition my discharge and there s going to be discharge hearing Could you please explain if i go court bymyself it s ok? I can not hire lawyer? Posted from: Ontario

What will happen to the 1st business and our house

My husband and I are self employed, we opened another business that is legally a partnership and the 1st business is legally his sole prop. The 2nd business has not done well and we are sure we will have to file bankruptcy. What will happen to the 1st business and our house? Posted from: Ontario

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