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Most Recent ‘Q&A’ Posts

miss bert

i have around 15000$ in credit card debts and personal loans/overdraft as well as 15000$ in student loans. I have a part time job but am finding it difficult to meet the payments causing creditors to become unhappy and begin hassassing me. I am wondering what would be my best solution to get my head […]

Gifts

I am a undischarged bankrupt. If my wife (non bankrupt) was to receive a monetary gift from her parents, would my trustee need to be advised and would this be considered as a windfall or factored into household income? Thank you Posted from: British Columbia

Can an Ex be a room mate?

I am considering filing for bankruptcy. However, I live, as a roomate, with my ex. We did this after we broke up and she sold her townhouse to pay off some of her debts. We have 1 child together and another one she has from a previous relationship. We have seperate rooms, date people and […]

Surplus Income

My husband and I claimed bankruptcy in Jan/08. We were up for discharge but all of a sudden now we owe a LARGE surplus. In the middle of our bankruptcy our living situation and finances changed. I now have NO job as I had previously and my husband`s income was cut in half. My trustee, […]

spouse

If my spouse files bankrupt is it law that i disclose my income also? Posted from: Ontario

bankruptcy and bank account with another bank

Just wondering… if one was planning on going the bankruptcy route, would it be an idea to open a bank account asap with another bank… I have a friend who may be able to loan me a few bucks here for food, neccesities and they`re from back east. I would just need to be able […]

Is bankruptcy the only option?

My brother is in serious arrears with the CRA. He has not filed his taxes in close to 9 years, due to serious drug and alcohol addictions. He is now clean and sober and wishes to get back on the straight and narrow. CRA will be the only debt he has, but we estimate once […]

Winning a Lottery During Bankruptcy

Just curious what happens if someone were to win a lottery say 2.5 million dollars during a bankruptcy. Does the trustee hold that money to pay the creditors? And if so how long? Posted from: Ontario

can i file bankrupcy and keep the house without someone going after the house

owing 50k on credit cards/car loan and owing 100k on mortgage. current selling value of house is 120k. i can manage mortgage payments but i cannot pay the credit cards and car. i can take public transit. can i file bankrupcy and keep the house without someone going after the house ? help please thank […]

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