Cell Phone
Can you keep a cell phone if it`s on a contract? Posted from: Manitoba
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
Retired Person -Bankruptcy
I am a retired person. on just a pension and OAS. I have about $30,000. in Credir Card debt that has built up over a period of some years. I was just paying the interest and the Minimum Payment, but with the interest at 19% & 20%. the debt just kept getting larger. I am […]
loan
Most of my debts are unsecured credit cards. One debt is a loan whereby it`s in writing that they can take my living and bedroom furniture(nothing specific) if I default on the loan.. does that mean if I file for bankrupcy, they`ll back up a truck to my house and take my furniture away??? thanks, […]
For Canadian residents that are US citizens
Can an American-Canadian file bankruptcy in the US from Canada using a Canadian attorney and trustee or must it be done in the states? Posted from: Ontario
Debts in othere countries in bancrutcy
I am a landed immigrant in Canada since 4 years, and I am doing quite well here. I have a job with a regular pay, not too much, but I and my kids can make our living from it. Before I came over to Canada, I had to co-sign for a company loan when I […]
surplus income
My husband and I are looking at filing for bankruptcy. Together we have a combined take home pay of $7400 a month. How much of that would have to go to surplus income. Also are there more advantages to filing separate bankruptcies or filing jointly? Does the trustte;s fee go up based on extra surplus […]
TFSA during bankruptcy
Can I put money into a Tax Free Savings Account during bankruptcy? If so, and I make money in the TFSA such as a return on an investment, can I keep that money or will I have to pay it to the Trustee as part of the surplus? Posted from: British Columbia
Will my automatic discharge be affected
I recently got laid off and want to file for bankruptcy soon. Since I do not have any surplus income, I should qualify for automatic discharge after 9 months. I am called back to work say after 3 or 4 months and have surplus income. Will it affect my automatic discharge? Posted from: British Columbia
joined line of credit debt
I have more that $100,000 debt mostly credit cards. I also had a line of credit of $20,000 joined with my wife with a balance owing of $10,000. I have paid it off completely last week and closed it, not knowing that I can not pay more to one creditor. The idea was to save […]
Investing while bankrupt
I am 3 months into my bankruptcy. A friend has asked if I`d like to invest $200.00 a month into their growing business, which should take off in about a year. Is this something I can do whilst bankrupt or is it not allowed? If I cut back on a lot of costs I should […]