bankruptcy
If i file bankruptcy i hear all tax returns are seized, does this include child tax credit cheques and gst cheques, and does filing corporate bankruptcy effect any of this al well Posted from: British Columbia
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
corporate bankrupcy
my company taxes shows a loss of $10,000.00 last year, and the company has not been running since May. I owe gst of over $5000.00 and another $15000.00. Will claiming bankruptcyy on the company (incorporated company) effect my personal credit, and will i still be responsible for any monies owed to the government. Posted from: […]
Income Tax (Credits) Question
Hello, I have searched for an answer to the following question and have not been able to find one, could you advise me? My bankruptcy was finalized on Nov. 18, 2008 and I am in the process of gathering income tax info for the trustee to prepare my two returns for the calender year as […]
leased vehicle under wifes name,debt is mine
hi there, i have a loan for a vehicle that i purchased about 1 1/2 years ago.the vehicle was transferred shortly after to my wife,would royal bank seize the vehicle if i filed for bankruptsy even though it is under my wifes name??are they allowed to? Posted from: Ontario
Out of control!!
What if your debt is so out of control and old that you have lost track of everyone that you owe? Does each individual creditor and account number need to be listed? or does it just wipe out debt in general? or should I just go by what is on my credit reports from Equifax […]
Bank account outside Canada
Do we have to declare bank account outside Canada if I have one? I am a canadian citizen now but am from other country. Posted from: Newfoundland and Labrador
Income Tax
Reading the post that was posted about the income tax helped me realize I`m not clear on how that works. I`ve already been to see a Trustee and am in the process of applying for the BAP. Would you please explain briefly what happens with the insolvents income tax for the year they are in […]
Laid Off
I was laid off about 8 weeks ago and have not found a new job yet. I filed for bankruptcy once before ( 10 years ago )what will happen if I do it again? I have not missed any payments yet but if I dont find a job soon I will begin to default on […]
Would RRSP be protected for child support arrears
My ex-husband is $12,000.00 behind in child support payments which is being tracked by the FRO. He just went bankrupt and listed an RRSP on his bankruptcy information. The trustee told me that it is a protected RRSP. Would his RRSP still be protected for child support arrears? Posted from: Ontario
keeping certain possesions
I am currently financing a bed through a comapany where I have 12 equal payments interest free. I have about 7 more months to pay. If I claim bankruptcy will I have to give this piece of furniture back or can I contimue to make my monthly payments?? Posted from: Alberta