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Most Recent ‘Q&A’ Posts

taxes

I am thinking that in the near future i may have to file bankruptcy or a consumer proposal-my question comes to income tax. If I file my own income tax for 2008 and get a refund but months later I need to claim bankruptcy or a consumer proposal what happens if I have spent my […]

Child Disability Benefit

Hi my name is Theresa and my question is this. My children both have a ADHD and I was told by my paediatrician that they should be allowed a child disability benefit. Which would be a God send because my son needs extra help and could definitely benefit from Sylvan or something similar. The problem […]

Representative

Hello, Can i choose someone as my representative in Canada to file for bankruptcy while I am living in the states. In this way, he/she can attend the meetings with the trustee and there shouldn`t be a problem. Is there anything wrong with that legally? Posted from: Ontario

Business and Personal Bankruptcy

I have a small business which both my wife and I draw from. She is not an owner. We flow our vehicles through the business as well. Our house (w 3 children) is in my wife`s name. We are experiencing working capital problems with the business and I have amassed a personal debt on the […]

RRSP

If I put money into a segregated RRSP at 3% and the company puts in 3%- because this is segregated funds ( wiht a life insurance company) does that mean that they would not be taken if I decide to declare bankruptcy? Or would they still take the last 12 months? Posted from: New Brunswick

surplus incom

My husband and I together have filed few months ago for the bankruptcy. We are coming to the end of January. It looks like he has around $700 in surplus I don`t have any, my qustion is since we filed jointly would they spred the 700 on both our names or just on his? Because […]

My wife and I make too much

So i am meeting with a trustee in a few days. Will it be a problem if my wife makes 85000 and I make 92000/year? I am declaring bankruptcy. Will we be treated differently? We are mortgaged to the max and our home value isn`t worth what we paid for it a year ago. We […]

2nd job

I will be discharged from bankruptcy in May 2009. I work full time but recently pursued motorcycle training in order to teach it, as a hobby in 2009. Though i have not received a paycheque, do i need to disclose this to my trustee? I don`t want to extend my bankruptcy, but if having this […]

Co-signer on Bank Loan

Hello, In June 2009, it will be 7 years since I graduated from university, at which time I plan on filing for bankruptcy. The only concern that I have is a student line of credit that I have from a bank that my father co-signed for me. Is there a way to have my father`s […]

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