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Most Recent ‘Q&A’ Posts

work tools and bankruptcy

In Ontario would a sole proprietorship that was publishing children books and have about 1600 printed books filing for bankruptcy be allowed to keep them as tools of the trade or would they have to go to auction as they are finished products in inventory? Would this inventory have to be listed on bankruptcy forms […]

conditional discharge and filing of a second bankruptcy

I made the mistake of getting mixed up in payday loans while in bankruptcy (payday loans not covered by my initial bankruptcy). Currently I have a conditional discharge, I have debt outstanding debt owing from the payday loans, and I am being threatened with wage garnishment. Can I file for a second bankruptcy while currently […]

Questions about bankruptcy

I am strongly considering bankruptcy but I need to know 1. If I file and my husband files is it better to file jointly as a couple with three children or separatly, with me claiming for two biological children and him claiming for one? 2. If I claim and he does not but we have […]

Does bankruptcy clear you from tax debt?

A friend who has serious credit card problems. She is self employed but has been living `beyond her means` for some time thanks to credit cards. Now I discover, the taxman is after her, and for good reason. Does bankruptcy erase back taxes too? Posted from: Quebec

Personal Bankruptcy

Just inherited money from my Mother who has passed.I filed for personal Bankruptcy 3 yrs ago.I want to purchase a home for my family.I will put down a good amount but would need a mortgage.What is some good advice for this problem that is haunting me.Thanks, Deb Posted from: Quebec

Bankruptcy

If I file for bankruptcy in Canada is my credit affected worldwide? Posted from: Ontario

Surplus Income

If I there is an overpayment of Surplus income, due to changes in employment during the 9 month period of bankruptcy, where does the overpayment stay…with the trustee? Posted from: British Columbia

debt management program

If I file for a debt management program, does it show up that i did so on my credit report? Does it affect my credit rating/score? Its important for future job oppportunities that may do a credit check (becoming very common these days). Posted from: Ontario

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