Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

How do I open a bank account while in bankruptcy?

My new employer wants to direct deposit my paycheque but I have been refused an account at the bank because I am in bankruptcy. What can I do? Posted from: Alberta

Bankruptcy and citizenship

1.DOES BANKRUPCY EFFECTS APPLICATION TO CANADA CITIZENSHIP AND CITIZENSHIP STATUS. 2.CAN AFTER FILLING BANKRUPCY APPLICATION PERSON CAN TRAVEL OUT OF CANADA. 3.ARE INDEPENDENT CHILDREN LIKE STUDENT OR DOING JOB AT THEIR OWN LEVEL BUT WITH LIVING WITH PERSON WO HAVE FILED BANKRUPCY EFFECT THOSE FAMILY MEMBERS Posted from: Alberta

TFSA – tax free savings account

I am still in bankruptcy and I have a savings of approx. $1,000 from surplus income. I would like to invest it a TFSA to purchase stocks however I am wondering if any dividends or capital gains I may receive while I am still in bankruptcy will go to my creditors? Posted from: British Columbia

power of creditors / trustee

Does the trustee and/or the creditor(s) have legal right to request bank records, ask for employee records or anything of that nature? Or does this remain anonymous throughout the process? Posted from: British Columbia

secend time bankruptcy

i need to go for the secend time bankruptcy whats gonna heppend then? how much its coast? and a long till i gonna be discharge? Posted from: Ontario

I have my friend`s shares in my brokerage account.What can i do before filing BK?

I have a very serious financial problems and my biggest headache is my brokerage account. A few months ago I received money from my friend to buy shares that are kept in my account. From what I understand, if I file BK, all stocks will be seized by trustee… Well, instead of relieve, I will […]

WHAT HAPPENS IF I RECEIVE A PAY EQUITY LUMP SUM PAYMENT?

I am in bankruptcy at the moment and I have just received back pay ( a Pay Equity Lump Sum Payment) from my employer for the sum of about $2,000. Am I entitled to keep 50% of the cheque as a surplus of income or is the monies considered to be a windfall? Posted from: […]

bankruptcy and house equity

in ont. would one lose their house or would it also depend on the equity?: Posted from: Ontario

what would be my best option?

NOVA SCOTIA: My debt consellor told me to get rid of my car (year 2005, still owe 11,000), lease a car, then declare bankruptcy. This doesn`t seem right – wouldn`t I lose the leased car before the car i`m paying on now? Shouldn`t I keep the 2005 car? the bank would get more money having […]

resp and bankruptcy

i am in the process of filing banktruptcy.ihave app.7400.00 in resps for my grandchildren .will these be taken. Posted from: Nova Scotia

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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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