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I am currently thinking of claiming bankruptcy and I am wondering who pays off your current debts? The reason why I ask, is I owe my parents 10, 000…and I understand I would need to claim this under the bankruptcy. Will she ever get paid back? Posted from: Alberta
Due to Illness,receiving private pension plan income and CPP disability income every Month,but under Income Tax Act the Private Pension is not treated the same;so under Bankruptcy is it consider into the family household income. Posted from: New Brunswick
My wife has accumulated 30,000.00 in credit card debt over the past five years. Much was cash advance for gambling. She will soon no longer be employed and I will not pay these debits. I am not named on these accounts and I suggested she claim bankruptcy. My question is, `when she claims bankruptcy and […]
Situation is married couple, wife has student loans from before couple met. Wife has zero income besides child tax credit, she is now considering bankruptcy. Would the husband`s credit be effected and would he be required to make payments during bankruptcy on wife`s debt. Posted from: Ontario
I am an undischarged bankrupt – special circumstances have led to that. My trustee filled pre and post bankruptcy taxes for me last year, but I am still not discharged. Do they have to file again for me this year? Or may I file for myself? Posted from: Manitoba
will i get a child tax beifet if i got bankrupt or will it still go based on my tax return Posted from: Ontario
My income is around 2.000 monthly I owe 20.000 in credit cards. I have been making the minimun payments of my credit cards, so I haven`t recived yet any letter from a collection office. Am I still elegible for bankruptcy under these circunstances? Thank you Posted from: Alberta
I am a student and my mother as well as me are being sued for more than $100,000. She is on welfare and i am a student with no income. I have no assets or anything of value(ex. land, job, jewelry). After the suit if i have to pay an amount i can`t pay what […]
I attended College on and off since 2001. During that time, I went through a costly divorce, serious illness that prevented me from working( I was not on disability due to the fact that my ex was ordered to pay spousal support and is still paying). I attempted to get my RN degree, but could […]
Hi, I am considering to apply for bankruptcy – I have a mortgage(with no equity on it because it“s a new mortgage) and few unsecured debts.My question is if I let the mortage to fall, and apply also for bankruptcy will this bankruptcy cover the amount I will owe to CMHC (I understood from your […]
