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Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

Utilities

Hi…can you include your Utilities Bills in Bankruptcy? Will they get turned off? Thanks Posted from: Ontario

own a cndo in the US

I have 2 properties jointly owned with my spouse,with one propperty in the US. Will we have to sell both properties, even though I am the only one persuing bankrupsy. There is little equity,if any in the US property and only about $15,000 of equity in the Nfld. property Thanks Posted from: Newfoundland and Labrador

Mat Leave & EI

Will my payments change to reflect that I`m on EI while on maternity leave? Or will I be required to make payments at all while on mat leave? Will my repayment term be extended to account for this low income time? If so, could it be extended beyond 21 months? Posted from: Yukon

bankruptcy

If I file bankruptcy (this meaning, my small sole propietorship business and myself, are now bankrupt). Can I still operate my business under the same name, with a fresh start? (I currently rent everything in the shop, I own nothing… Tools, equipment, everthing..Belongs to other shop). If so, can I still write cheques & receive […]

bankrupcy and sponsorship

If common law partner is filing for bakrupcy, while having a sponsorship (for 3 years)his common law partner (family class immigration) . May it cause of breaking his sponsorship and all finances obligations to sposored partner .? Posted from: Ontario

bankrupcty

hi my question is i have home and deed is on my and my wife name and the mortage is only under my wife name. and i have debt of $96,000 and creditors put the lien on house but all the debts were my companys debt. and there were no name of my wife in […]

Will I still be liable for my Mortgage?

My question is reference bankruptcy. If I claim bankruptcy and have student loans, credit card debt, a line of credit and mortgage, which debts are cleared by the bankruptcy. I have been told by some people that your student loan and mortgage do not `go away` even if you declare bankruptcy. That you are still […]

need advice

I have been out at school for 8 years and have student loan debt, student loans stopped giving me student loans in 2001 and for the rest of my schooling I got a private loan. Since student loans stopped giving me loans in 2001 would this be my end of study date with them. Posted […]

2nd bankruptcy

what are the rules around a second personal bankruptcy. Is there a law that states I cannot get credit for 14 years? Posted from: Ontario

business

Do i have to shut down my business (not incorporated) if i file for bankruptcy? Posted from: Ontario

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