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Most Recent ‘Q&A’ Posts

Co signer and impact of bankrupty

Will a co signer suffer any legal problems if I go bankrupt? Or will the monthly payment just be sent to them each month. Will there be any sort of judgment against them will this cause any credit problems for them on their credit report? Posted from: Ontario

`household Dwelling`

I was curious about what they consider persons living in the same household, what if it`s one house but 2 seperate apartments with my mother in law and husband owning the home and myself only filing for bankrupcy but we live in one aparmtment and my mother in law is in the other which is […]

car credit

my husband just purchased a car on credit. does he lose that if he goes bankrupt.only car we have as seniors. Posted from: Ontario

Inheritance during bankruptcy

I have declared bankruptcy on a small business ( non incorporated ) approx. 3 months ago . I am about to come into some inheritance from a family member . Is that considered income that must be declared or would it be exempt ? Posted from: Ontario

Income Tax During Bankruptcy

I filed for bankruptcy in Sept 30 2008 and will be discharged June 30 2009…I gave all my income tax information to the trustee as directed, and they just sent me a `post bankruptcy tax return` document stating i owe CRA $400…I file my taxes every year and have always received a refund, even tho […]

Fraud?

Is it fraud when you apply for a credit card and say you make more money than what you do? Posted from: Saskatchewan

House Hold Items

What if some household items didn`t belong too me when I moved in to my current spouses home, my name is not on the property at all and I didn`t move in with much do they consider all furnishings etc. to be mine because we are married as well or just what is mine, my […]

Profit Sharing Employer & 9 Months Period

Just have a question regarding a quarterly profit share my company gives if there is a profit and how does it affect my monthly surplus. I had read if you make over a certain amount over the 9 month period your bankruptcy can be extended to 24 months even for a first time bankrupt person. […]

TD1 forms

I was unemployed when I claimed bankrupcy….now I am returning to work. Should I fill out the TD1 form to the best of my ability? Or should I just leave it as a basic deduction? Posted from: Ontario

removing a name from a mortgage

My spouse purchased our home before we got married. Around 3 yrs ago I had to co-sign for the mortgage because we refinanced, so my name is now on the mortgage and house. I want to get separated, can my spouse refinance again by himself (so my name gets removed)before we separate? I don`t want […]

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