Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

surplus income and bankruptcy length

I don`t mind paying more if I have surplus income, I want to pay as much as I can. But if you have surplus income it can make your bankruptcy last longer, right? So, if I made $100 or $200 more than the allowable income, is that going to drag out my bankruptcy for more […]

Help – Borrowing Money, to make other payments.

I am thinking about claiming bankruptcy as I am finding myself having to borrow money from my current employer to pay my mortgage and car payment. My question is, I have never missed a payment on either my mortgage or car payment…but as the days go on I am getting into more debt with my […]

mortgage

my spouse and I are considering bankruptcy.We have a mortgage of $250000 and a total home equity line of credit for $95000. If we claim bankruptcy does it take care of the line of credit or does it combine with the mortgage payment ? Posted from: Alberta

Disability Insurance & Bankruptcy

I`m on disability through the province and Canada Pension Plan. My income is below the surplus amount. Do you know if my disability benefits will be affected by bankruptcy? My payments are up to date because I pay my rent with my credit card and I use my rent money to pay my credit card […]

How will Bankruptcy affect application for Student Loan

I am considering bankruptcy. I am a 3rd year university student and I need to know how bankruptcy is going to affect my application for OSAP in my last year of school. I am a sole support and single. I do not have any income aside from my previous OSAP application which is helping me […]

differnt credit card #

I have a credit card on the same account as someone else. He didn`t sign any cosigner papers or anything…just put my name down when they asked if he wanted a second card. I have a different credit card number than they do. Can i claim bankruptcy on my card? or would he still be […]

borrowed monies

I am currently in bankruptcy and am self-employed. I was injured at work last year and had to hire a subcontractor to do my work so I wouldn`t lose my contract. I was unable to pay him in full. Just before I went bankrupt, I borrowed the money I owed my subcontractor from a family […]

Bankruptcy possible in jail?

Is it possible to declare bankruptcy with the help of a trustee while serving a prison sentence? Posted from: Ontario

Furniture has been paid in full in previous years

If there is furniture that has been already paid for in full in prior years before filing for bankruptcy, will these items still need to be included when filing for bankruptcy? Posted from: British Columbia

bank loan

what happens to my bank loan if i file for bankruptcy Posted from: Nova Scotia

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