Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

June

I am 50 years old and have moved in with my mother (sister also lives here). I have a small room, bathroom and kitchen. I am considering bankruptcy, but concerned with my living arrangements. Although my mother makes a pension and my sister a small income — this in no way benefits or affects me. […]

Number of persons used in the surplus calculation

I would like to know why my family is being categorized as a family of 2 when I’m pregnant and my husband and I are practically supporting 3 people in total. Posted from: Ontario

3rd bankruptcy

what are the rules regarding going bankrupt 3 times? went bankrupt twice years ago due to marital breakup etc. I now find myself swamped with credit card debt and other loans and mortgage. it took 14 years for the second one to come off of my credit report. will I ever be discharged for a […]

Common-Law Situation

If I am living common-law with my girlfriend. The house we live in is in her name only, and I have to declare bankruptcy, will this affect her and her home? Posted from: Ontario

gambling

Im about to go to court for my discharge, what is the probable judgment the court will apply. Should I hire legal help or a trustee will represent me. Posted from: Ontario

Can you file for Credit Card Bankruptcy?

I am currently unemployed and started to receive EI benefits. I am unable to continue with my monthly payments on credit cards(total debt of $23,000 on cards), have a line of credit which I jointly own with my husband of $8800, leased van of $250, and I have two children. Is there such a thing […]

doing it twice in a lifetime

If I claimed bankruptcy 19 years ago and I have to do it again will the trustee find out or anyone find out that I did it before can I hide the fact that I done this 19 years ago Posted from: Ontario

Difficulty finding GOOD advice

I am the proprietor of a small business. I have debts of about $160,000 (mostly to CRA, some line of credit and credit card debt). My annual income is approx. $75,000 but is increasing each year. I have seen 3 accountants and 1 Licensed Insolvency Trustee and received wildly differing advice on my best course […]

Lease

If I file for bankruptcy will that nullify my 1 year lease on my rental home? We have put in to quit the lease as its become too expensive but the landlord wont allow it. Posted from: Nova Scotia

Selling Assets

I am going through a very bad divorce. I have some equity in my home, but now where near enough to pay my ex and all my debts. Is it legal to I sell my home before I go bankrupt to my boyfriend? Posted from: Ontario

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