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Most Recent ‘Q&A’ Posts

INCOME TAX RETURNS

I DECLARED IN AUGUST OF 08,MY TRUSTEE WANTS 2 TAX RETURNS,1 FROM THE FIRST OF THE YEAR UP TO THE DATE OF MY BANKRUBCY,AND ONE FROM AUGUST TO THE END OF THE YEAR,,WHY MUST I DO THIS? Posted from: Nova Scotia

Do I lose my tax credits?

I have been a full-time student for the past four years and have accumulated $40,000 in education tax credits. Do I lose these when I declare bankruptcy? Posted from: British Columbia

Persoanl & Business Bankruptcy

I owned my own bussiness for 4 years, the first 3 were sole owner, and the last year it has been INC, I owe CRA taxes, on the personal side mostly and bussiness, I`m wondering if I file, if my wife will have to file? We only got married in Dec 08, What are my […]

Moving to Ontario

I Decalred bankrupcy on June 2, 2008 in Quebec. This is my second bankruptcy, the first was done in Ontario a long time ago. I live in Quebec and as of Dec 1, 2008 moved to Ontario. What do I have to do and what are the ramifications of this? Posted from: Quebec

What is the best way to protect my assets

I am consdiering living common law with my partner. He had declared bankruptcy and was discharged in MB in June/04. If he has any debt owing since that date (including backlog on utilities, etc.), do I become legally responsible once we are common law? What is the best way to protect my assets? Posted from: […]

Bankruptcy and foreclosure.

If I file for bankruptcy and the bank won`t let me keep the house, how long do we have to find a place and move out? Thanks for your help Posted from: New Brunswick

staying on title of home

Can I declare personal bankruptcy and stay on title on my house. There is no equity in the home and a mortgage of 438,000, and an assessed value of about 450,000. Posted from: British Columbia

WRIT OF SEIZURE

if there`s a writ of seizure and sale against a property does it mean that the creditor has a possession of the proprerty?? Posted from: Alberta

When to start a bankruptcy?

I lost my job early February and just started getting EI. I`m having no luck finding a job. I borrowed some money off a family member and I`ve been using that to pay on my credit card bills, but the money that is left won`t even cover all of my April credit card payments and […]

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