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Most Recent ‘Q&A’ Posts

errors on liens during a bankruptcy

I recently filed for bankruptcy. This is something I do not understand. When I went to a trustee I thought that they were there to help ME. What has happened in my case is that a trailer i use for business had a lien on it. It also has my boyfriend as a co-signer. What […]

Farm Business Failed

if a person owned a farm and then built a business as a sole proprietor with money from the farm and then the business failed, if bankruptcy were declared would the person be required to declare personal or corporate bankruptcy? would assets such as land owned be seized and be used to fulfill the bankruptcy. […]

income in bankruptcy

I was recently fired from my job and have been forced into bankruptcy. My employers did not give me any length of service compensation. I should have $2500 coming to me once employment standards makes their decision. What will happen to that money? Will I get to keep it due to it technically being from […]

Help

I owe $22,000 and have no assets that I can offer to pay back my debts. I quit my job. One of my freinds recomended a proposal or a bankruptcy when I asked him for a loan. Can I offer to pay $500/month for one year only (it will amount to 27% of total debt) […]

RRSP if I file bankruptcy in 2009

I made RRSP contributions of $2000 in 2007, and $2500 in 2008, and I plan to make $1000 for year 2009. If I file bankruptcy in 2009 after I make a RRSP contribution of $1000 for year 2009, what happen to my 2007`sRRSP, 2008`sRRSP and 2009`sRRSP? Posted from: Ontario

Bankrupy

I had a morgage of 47,000 and line of credit topping 60,000 now i put them together and made it one secured line of credit along with that many other bills I cannot contuine like this my wife currently had to go bankrupt due to her business we dont want to lose our house will […]

out country returned

I was living in states for 4 years left canada with about 45 thousand in delt, am back in bc an not working full time yet, how do i go about declairing bankruptcy, the cost and what happens in general Posted from: British Columbia

Bankruptcy again

Can someone declare bankruptcy more than once? Posted from: British Columbia

revenue canada debt

If i file for bankruptcy, will the debt I owe to revenue canada also be cleared up?? I owe approximately 10,000 on my personal taxes and i owe other debts and have no choice but to file bankruptcy. I was wondering if i will still have to pay off revenue canada`s debt as well Posted […]

$150 000 in debt with credit card

I am about 27 years old and I am $150 i debt from bad spending habits and house payments as well as loans. I have kept a job but i am only able to pay little of my debt as just keeps increasing. I am looking into bankruptcy but i would like some further consulting. […]

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