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Most Recent ‘Q&A’ Posts

Government tax debt

I have received notice from Revenue Quebec to file a tax return fo 2003 through 2007. Tax owing as well as interest and penalties may require me to file for bankruptcy, will the debt owing to Quebec as well as Canada be eliminated in a bankruptcy? Posted from: Quebec

filing and marriage

hi there…i would like to ask another question that is related to the one about filing after marriage. if engaged and NOT living together, would it be best to file BEFORE marriage or after? i don`t think it would be fair for my new husbands income to be taken into consideration on MY old debt, […]

Drowing in Debt and need a fresh start

I am 37 years old and have simply been very bad in the past with credit cards. I find myself not being able to get any cards due to bad credit… I have not filed taxes for a few years because I did not have any money to pay what I owe anyway -and of […]

Marriage breakdown

My marriage recently broke down. Our two dependent children ages 17 and 21 live between me and my ex, who lives at a walking distance. There is no schedule. If I were to file for bankcruptcy, can I include the children in the family unit for calculation of surplus income. Do I need any documentation […]

Suspended

I`ve heard bankruptcy laws in Canada have recently toughened up. Does this mean that more people are having their bankruptcies suspended now instead of being discharged, especially if there are circumstances like gambling involved? Posted from: Ontario

filing bankrupcty after marriage

I am currently in debt (student loans) and am engaged. Although I want to get married, I have some concerns due to this debt. I would like to know how marriage will impact my filing. I understand that filing is individual but how will what I must pay each month be calculated? We have already […]

Supporting family during a bankruptcy

I support my old mother and widowed sister who live in another country by sending them $3000 a year. I now have to declare bankruptcy due to marriage breakdown resulting in financial problems. I was wondering how my support payments to my mother and sister be viewed in bankruptcy? Will I be able to continue […]

Examining transactions

An answer put online today talks about the court being able to `examine transactions` of the bankrupt person. What does this mean? Thank you. Posted from: Ontario

Owning one house we don`t live in

We bought our house in a different community than I work. Over the last three years we have created a very high debt load (65000) We had had to move back to the city where I work, and have rented out house for less than our mortgage. The market value is less than our commitment […]

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