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Most Recent ‘Q&A’ Posts

Bankruptcy question

I have separated / divorced from my spouse and the house rewarded in her favour. I`m paying alimony & child support and unfortunately can`t cope with my own high debt load. Bankruptcy appears to be the only option. Would I qualify for bankruptcy and if so what happens to the remaining income I have left […]

Mr. Marc

The man I have been dating for almost 5 years is considering claiming bankruptcy (we currently do not live together although he will likely be moving in temporarily as he has been evicted from his appartment). Currently he and his ex, who are not on friendly terms, own a trailer which is stationed in a […]

In debt…and stressed

I owe several thousand dollars…..all are credit cards, line of credit, over draft and one small loan and i now owe the tax department….i have no assets to speak off…I am thinking of filing for personal bankruptsy…I am also unemployed…recently laid off(perm)…How does bankruptsy affect me… Posted from: Ontario

What if

What if you have no assetts to offer? We do not own anything – how does that work? Posted from: Saskatchewan

personal bankruptcy and owning a business

Hi, I operate a small business as a corporation that is not making much money. The business has a line of credit labelled `for business use only` which has my name on it as well as a cosigner`s. My question is if I file for personal bankruptcy will this affect my business? Can my business […]

TFSA & RRSP Protection

Is a clients TFSA & RRSP protected if they file for bankruptcy? Posted from: Prince Edward Island

What happens if I get married after I file for bankruptcy?

If I get married after I file for bankruptcy how will my spouse be afftected? My future spouse is living out of town for work and comes home for the weekends. Will I need to include my spouse`s income since we will be living in separate residences and how will this affect how much I […]

No Longer Together, But Living Together

I have been told that my debts are just too high and that Bankruptcy would be the best way to move forward. The issue is that I bought a house with my Common Law Wife six months ago and we broke up three months later. We are both on the mortgage and she has quite […]

surplus payment and childcare

Some months a person receives three paycheques instead of 2, during these months that person would have surplus money. If you owe back childsupport, would this be paid first or would the surplus go to the trustee? Posted from: Nova Scotia

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