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Most Recent ‘Q&A’ Posts

Notice of Examination

I am going to file bankruptcy in a week but I received a `Notice of Examination` to appear in court by one of the banks I owe money. Do I have to attend this meeting even though I will be filing my bankruptcy pretty soon? I don`t really want to take time off work to […]

will I be responsible for my mother`s debts

in 2000 I sponsored my Mother to come to Canada. she was working and she was fine up to last year. She is 68, lost her job, get some debts in credit cards and she has difficult time to pay for her appartment now. If she decide to claim the bankruptcy, will it affect me […]

joint account and over draft of 2000

i am plannng to file for personel bankruptcy,the question i have is ,my spouse and i have a joint account that have an over draft of 2000 ,that will be part of my claim ,would that have any effect on my spouse and what. Posted from: Ontario

Alberta bankruptcy law

do you know if in Alberta, if i owe 25000 on the car and they sell it for less will i still have to pay the difference? a repossession lady told me i wont ecause live in AB. is there any special laws here? thank yo Posted from: Alberta

bankruptcy fraud

Someone I know has claimed bankruptcy in the province of alberta while running a day care from their home that they do not claim all monies received from. They have incurred a student loan and do not want to pay it. They have bought a cadillac car and used the vehicle which a lien was […]

How much of an income surplus do i need to pay

I have rental arrears totalling 6,300.00 to a couple who owns the property. I no longer live there but i am experiencing a really tough financial situation. I resorted to pay day loans that i cant keep up with. I have an overdraft on my account of over 2,000.00 that needs to be paid. They […]

Buying Assets from the Estate

My husband and I have a 1987 trailer which has never been registered and has been non insured since September 08. At auction it may sell between $500 and $1000. What is the likelihood of our trustee allowing us or a family member to buy it in order to keep it in the family. Posted […]

House foreclosure

The only debt my spouse and I have together is our house. He left the country over a year ago and I am having difficulty keeping up with the mortgage payments. The only way I can contact him is via email. I have no idea where he is living and he refuses to give me […]

Homes

Will I loose my house if I claim bankruptcy because it is paid. Posted from: Ontario

Advice?

Hi ,I owe roughly 20,000 dollars in debt that I am very behind on.Ive had a number od employment and personal setbacks that have put me into a very difficult position.I visited credit counselling services in sept and was advised that my best option would be bankruptcy,as with my income I would not easily afford […]

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