Connecting You with Trusted Licensed Insolvency Trustees – We’re Here to Guide, Not Decide. Learn More

Free Consultation

Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

Multiple Bankruptcies

Have three previous bankruptcies on my credit file. 1st one was filed in government when I was 18. I went to see a trustee and was in debt for $4,000. Signed the papers but then never went back. This trustee stopped practicing and his files were sent to another trustee who filed by paperwork. A […]

Keeping the house and car in a bankruptcy

I have a mortgage of 400000.00 and the value is likely to be 430000.00. I have a car that is leased and another that is financed in my husband`s name. Can we keep our house and cars if we file bankruptcy? Posted from: Ontario

Director

I have declared personal bankruptcy and I have to resign as Director of my company how can I do when I`m the sole director of my company ? Posted from: British Columbia

supplementary card and filing bankruptcy in Canada

I`m confused about the effect of bankruptcy on a supplementary credit card holder. If I am the primary cardholder and the supplementary card holder has paid off any charges they incurred before I go bankrupt are they free and clear? Or are they somehow held responsible. PS they have a seperate card number and did […]

GST AND TAX REFUNDS

I AM IN BANKRUPTCY AND I PAY MY MONTHLY TRUSTEE FEE OF $150.00 OUT OF MY ALLOWABLE MONTHLY NET INCOME. I DO NOT HAVE A SURPLUS OF INCOME. CAN MY GST AND TAX REFUND BE USED TO PAY MY MONTLY TRUSTEE FEE SINCE I HAVE READ THAT THE TRUSTEE`S FEE IS GENERALLY PAID FROM THE […]

house and bankruptcy

Me and my husband separated a few months ago but the arrangements were that I get to keep the house for myself and the kids…but keep it in joint ownership due to income reasons…. Question is – if he goes bankrupt will the house be affected?? Will I loose my house? Posted from: Ontario

Joint Ownership

I`m considering filing bankruptcy in Ontario,because I have no income to pay my creditors. My question is, I own a vehicle worth $2000(free and clear) which I need to get to work (if employed), because I only work as an independent contractor and co-own one residence with two other family members.A total of three are […]

The time leading up to bankruptcy…

Recently, we withdrew money from a line of credit that we`ve had for quite a while to pay off a few personal loans (money borrowed from family and friends). We also had to withdraw our RSP`s (though there wasn`t much in the accounts to begin with) to pay for our small business and other living […]

Previous Page
1 ... 191 192 193 194 195 ... 488
Next Page