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Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

change of mind ?

What if during the bankruptcy process ( before discharge ) , I change my mind and want to settle my debts on my own ? Posted from: Ontario

Bankruptcy

Can I declare bankruptcy if my husband does not want to or do we both have to do it? How much does it cost? Posted from: Ontario

Mr. K

I have about $35000 personal debt. I bought a house a year ago were I live with my wife and our two kids. Monthly cash is $2600 my salary and $1700 my wife`s salary. I pay around $600 monthly daycare and $1500 mortgage. I have no equity in the house, and bills are piling up, […]

do I qualify for personal bankruptcy in canada?

I make 50k a year and have about 45k in debts with no assets. The interest alone on the credit make it impossible to nip away at the debt. Can I qualify to declare personal bankruptcy on this alone? Posted from: Quebec

bankruptcy fraud charge

A person who went through the bankrupt system and was granted a discharge 2 years ago and it was later found that there is evedence that he left assets off the list and undervalued his land he valued his land at $300,000.00 and now listed it for 1,356,000.00 can he be charged with fraud or […]

Personal Bankruptcy with incorprated company

I am sole shareholder in 2 one man companies neither of which have no assets and both of which were set up to primarily enable some music production in a project that never made any money. 2 credit cards were in my name and connected to one of the businesses. One company has been stripped […]

the trustee has opposed my discharge

I want to know if my trustee still retains my income tax return if they are legally opposing my application for discharge? Posted from: Ontario

RESP

are funds in a childrens RESP account safe in the parents bankruptcy Posted from: Alberta

just a comment

I have no question,,just want to say a huge THANK YOU to everybody involved in this site,,I declared back in August of 08,and next to my divorce,this was(and is) the most stressfull,painfull,,,you name it,thing I have ever gone through,,but this site and the people involved that answer the questions I needed to know,are PROMPT,HONEST,AND RESPECTFUL.I […]

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