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Most Recent ‘Q&A’ Posts

Proof of Claims

Will our Trustee provide copies of Proof of Claims submitted by our creditors for us to review? Posted from: Ontario

Will my discharge be opposed

My husband and I declared bankruptcy on February 24th (individually). This was decided as the best alternative after meeting with a Trustee in early February. In January I wrote an AMEX cheque in the amount of 8K and deposited into our joint account which at that time was in overdraft. I wrote the cheque as […]

Savings

I went bankrupt in August, and since then, Life has changed. A boyfriend moved in and we`ve managed to save a little bit of money, not a lot, but we`re happy to finally have soemthing to fall back on besides credit cards. Can this money be taken away from us? Posted from: Ontario

Help

In November of 2008 , I contacted a debt consolidation company and consolidated most of my husbands and my own credit debt. Be cause I think our Visa personal line of credit is somehow attached to our mortgage I did not consolidate this credit card. We have a mortgage and a vehicle loan as well […]

What Happens to Our House?

My wife were married in 1992. We have a marriage contract which states we are separate as to property. We own a small house which is in both our names. If one of us declares bankruptcy, do we risk being forced to sell our (jointly-owned) home to settle the debts? Posted from: Quebec

Bankruptcy and recetly-accumulated debt

My husband and I will be declaring bankruptcy soon based on a combination of consumer debt and a self-employment venture that really didn`t go well. Right at the teetering point where we were grasping at straws to find ways to pull through, we were sent an AmEx card and used it for vehicle repair, to […]

Discharged??

I had filed for Bankruptcy 10 years ago, and thought I had been discharged. However, I found out in August 2008 that this was not the case. What does this mean. Will I have file all over again? Posted from: Alberta

Legal seperation and Bankruptcy

I am legally seperated from my Husband and have been for the last 6 yrs. When we were married we bought a home together. I left the home when I left him.. he subsequently lost the house to the bank and claimed bankruptcy. That brings us to the present.. like I said I have been […]

Discharge

My husband and I have both gone bankrupt separately. This is a first time bankruptcy for each of us. If we pay our surplus income, attend the credit counselling meetings and submit our monthly income and expense records as required, why would our discharge be opposed by a creditor or the Superintendent of Bankruptcy? Can […]

Purchasing a car

I am about to file for bankruptcy. I currently have a car that is worth more than $5000 but is getting long in years and is getting expensive to maintain. I earn over $80k per year and could support a car payment on a new car while in bankruptcy. Can I buy a new car […]

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