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Most Recent ‘Q&A’ Posts

RESP and banckruptcy

Hi I opened an RESP for my daughter 3 years ago with the minimum of $2000 and automatically, there has been about $1500 grants from government added to this account. I haven`t been able to contribute anything since then. I am in debt and was wondering if the creditors are allowed to withdraw money from […]

debt consolidation loans

Who provides the loan to consolidate the debt….for collateral can one use a death insurance policy which could be signed over to the lender? Posted from: British Columbia

Bank Account

If I had a credit card with certian banks, and then declared bankruptcy, would those banks let me open a chequing or savings account account with them? Posted from: Saskatchewan

Separation and home equity

I live in Quebec and my common-law spouse (not applicable in QC) left me about 18 months ago. There was no legal separation agreement since it is not recognized in Quebec. Last month she filed for bankruptcy which left me to pay for any debts we jointly signed on. In order to pay these debts, […]

investment account

Me and my wife are going to be going bankrupt very soon. I have a trading account that I have been building up a nest egg for my children, I have around $3000 currently. Am I able to keep that account open during the bankruptcy period or will I have to close it down? Posted […]

Surplus Income

My spouse may have to file for bankruptcy and does not work. How is the surplus income work then. I can not find an example and I do not owe the debt and did not go bankrupt. Posted from: Alberta

what can I do

My husband is leaving and moving out west I am 63 have about 9000.00 credit card debt and have no money to pay them I get my pension of 276.00 monthy and have been paying them but cannot anymore as I may have to go on Social Assistance…what can I do…. thanks Bunny Posted from: […]

Lying on Bankruptcy Statement

My ex-husband owes me money. I am listed as one of his creditors in his bankruptcy statement. He has one employer listed, however, I am aware that he is working at another place of employment, either as his sole employer or as an additional employer. I brought this to the attention of the trustee, but […]

lawyer

WHAT OPTIONS DOES AN UNDISCHARGED BANKRUPT HAVE IF HER DISCHARGE IS REFUSED. Posted from: Quebec

regular diasbility payments exemption

I am a resident of Quebec and I receive a periodic long term disability payment every month. According to what I read, in Quebec this is an exempt asset if I go bankrupt, so how then can it be used to calculate my income if it is exempt? Is my income effectively 0 then if […]

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