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Most Recent ‘Q&A’ Posts

would be job be effected if i file bankruptcy?

Hi, seriously considering filing for bankruptcy… however I am concerned about my job. I work at the bank and half of my unsecured loan is with the same bank. The bank can terminate me if I file for bankruptcy due to financial difficulty? Or would bank be allowed to keep portion of my pay? Posted […]

Minimum monthly income is more than I spend

Thank you for the detailed info I have read here. It helps me to understand the process so much better. I have searched the blog but have not found my question. The 1 person minimum monthly income is $1870. If I earn less than that but my monthly expenses are quite low, maybe $900 month […]

proposal

Is it possible to do a consumer proposal after having filed for bankruptcy. I just got a new job working for commission. It may be possible for me to make some really good money with this job. I am worried that my bankruptcy will be extended (I have 5 months left) due to surplus income […]

new business

I am currently 3 months into my personal bankruptcy. I started a new business as a sole proprietor about 2 months ago and It is now starting to do well, better than i expected at this stage. I want to grow and sustain the business for the long term and to do that will require […]

surplus income

I was wondering, is there was a way I can figure out how must extra I would have to pay due to surplus income with bankrupcty. Is there some sort of online calculator I can use? Posted from: Ontario

Home Values

With the value of properties decreasing in the last year in Alberta, what is used to establish the value of your residence? Property tax assessments recently sent out by the municipality reflect values based on 2007 and 2008 house sales. Compariable home sales in our area value our home approximately $55K over what the property […]

Mr

Hi.I was wondering if you could help me:I lost my job 2 years ago and I have about 25 000 dollars on my credit cards and I am seriously considering going bankruptcy but I live in Quebec and I about to move to Ontario.Should I start the procedure in Quebec or in Ontario after I […]

fraud

if i lied on my credit card application(said i worked somewhere i didnt, making money i didn`t) and apply for bankruptcy how much trouble can i get in? i was young and didnt think it was any harm; i mean i heard about a dog getting a credit card… Posted from: Ontario

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