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Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

RRSP Account

Can a self-employed and undischarged bankrupt open a RRSP account? Posted from: British Columbia

child support?

I am toying with either a consumer proposal or filing bankruptcy. I am a single mother with 2 small children and cant afford a whole lot. It would be cheaper to go bankrupt but I am wondering what would happen if I were to ever start receiving back child support for my children if I […]

Question about credit card fraud before bankruptcy

I live in Ontario and I am filing bankruptcy next week. We have been trying to save some money to buy a used car and it doesn`t seem like we will have enough. I have been taking some cash advances out on my credit card to try and cover it. However, I am nervous as […]

Past spending and impact on filing a bankruptcy in Canada

If I think bankrupcy MIGHT be only a possibility, yet I still buy things like firewood to heat my home, pay to have my car fixed, or pay$1000 towards my spouses legal bills for an outstanding debt he may have all from my line of credit,…and then a few weeks later get advice to file […]

money gift during bankruptcy

If the individual who received a sizeable money gift from his mother during bankruptcy 6 years ago is now discharged, can the money still be seized by the Trustee? What happens if the bankrupt recipient immediately signs over the cheque to a common-law spouse with a note saying it is a gift and non-repayable? Is […]

how do they know

how does anybody know how many times you filed for bankruptcy Posted from: Ontario

Going Bankrupt

Hi, I`m considering filing bankruptcy next month, too much stress and debt. Can I file bankruptcy with no income or can I get a family member help me pay a trustee, If I owe approximately, 30 000 in unsecured credit card and 400 in cell phone bills. How much will filing bankruptcy actually cost me? […]

Student loans

I filed for bankruptcy March/09. This may I have been done school for 6 years and I still have outstanding student loan debt. I will not be discharged until July/10 or longer due to surplus income. Come May next year it will be 7 years since school. Will the new legislation apply to me since […]

which to do

my wife has large credit card debts. total card debt is $30000. she has a unsecured line of credit at the max at the bank $18000. The house we live in is in my name only, no morgage. She has tried to get a debt consolidation loan at her bank but so far it has […]

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