Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

Small business

I own a small business of 10 yrs (sole propietor). Since the new year, the phone has not been ringing. I am out of money, and things do not look bright! The business bank acc is in overdraft, pst remitance is well behind, + there are other bills (business & personal). I was thinking about […]

Conditonal Discharge

What happens when say your conditional is approaching and you can not meet your conditional payment date, because your finances have dropped. Posted from: Nova Scotia

Bankruptcy

I am considering declaring bankruptcy, however, my spouse has already been bankrupt (now discharged) and am wondering how wise this choice would be for me now? Would it be difficult in the future to acquire loans, etc.? Posted from: British Columbia

Assets of spouse

If husband is filing for bankruptcy and wife is not conected to the debt,eg. income tax and she owns a motorcycle in her name can she keep it Posted from: Alberta

7-Year Rule & Interest Relief Period

I understand that you can now file for bankruptcy if it has been 7 years since you last attended school…(I finished in Sept. 2001)…but I have to ask, does that include the 5 year `Interest Relief` period? Thanks! Posted from: Newfoundland and Labrador

Recently Divorced

I am recently divorced and lost the house to the wife and kids. But I still have a personal debt of 50 000. Can I still claim equity on the home to clear my personal debt? Posted from: Ontario

Co-applicants

My sister signed my name on a credit card as a co-applicant, about 10 years ago.I never used the card.She filied bankrupty in July 08, I`am I responsible for those charges as well. Posted from: Saskatchewan

now what

went bankrupt in 2002 paid some of the monthy fees then stopped paying does it get stat bard Posted from: Alberta

second credit card

i have and credit card in my name but my mom is the second card holder would she be responsible for that if i file bankruptcy? Posted from: Newfoundland and Labrador

part ownership in business

I am a part owner in a business that has properties for assets. I may need to go bankrupt how will this effect the other shareholsers in the company and the assets that the company owns. Also how may this affect my wife and our house we may have a small amount of equity in […]

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