Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

Son and surplus

I am a single father of two children on the verge of bankruptcy. My son works during summer and uses that money for tuition and books. Will that income be included in the calculation of my surplus income ? He also has his student loan approved. Will that be considered in the calculation of surplus […]

Mr. Akela

Is loosing money in stock market a common reason for bankruptcy? Does it fall under gambling ? Posted from: British Columbia

Additional information

In your recent detailing of questions a former gambler will be asked during a bankruptcy discharge hearing, you said that depending on the answers given, `the Court may look for additional information…`. Can you please explain what this information could entail? Thanks. Posted from: Ontario

Bankruptcy in 2 countries?

While living abroad I incurred credit card and line of credit debt. I am living back in BC now and considering bankruptcy for debts here and overseas. can I claim bankruptcy for debt in another country or if i file in Canada will that include foreign debt? Posted from: British Columbia

Bankruptcy and exclusion from casinos

How much does voluntarily banning or excluding oneself from casinos in the province of residence come into play when a discharge hearing is held in court? Posted from: Ontario

Questions judge may ask

If you have to be present in court for your discharge hearing and you listed gambling as one of your reasons for bankruptcy, should you be prepared to answer questions put forth to you by the judge? If so what kinds of questions relating to gambling will the judge ask? Posted from: Ontario

Proof of Income

I`m thinking of filing for bankruptcy but the only income I receive is tutoring children privately. My payments are in cash and I have no pay stubs. What would I need to show the trustee for proof of income? Posted from: British Columbia

self employed

I am self emploed.How will be effect my corporation to personal bankrupcy Posted from: Ontario

icbc fines

i have a substantial fine from icbc it is not a claim against me but if i declaired bankruptcy would that affect the fine would i still have to pay it Posted from: British Columbia

debt and no permanent employment

I have approx. 56,000 in debt and no permanent employment (free lance contractor). My home is a trailer in an RV park (secured loan of $18,000). The bank has stated that they will seize my trailer if I declare bankruptcy. I have a pet and the small monthly payment on the trailer together with the […]

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