Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

transferring assets

Can I sign over my cottage to my adult children to protect it from being siezed before I claim personal bankruptcy? Posted from: Ontario

I`m in default of my mortgage and was wondering if I have to file for bankruptcy if my lender forecloses on my house. If not, what kind of impact will a foreclosure have on my credit rating? I realize it will have an impact on my credit rating, but was wondering if it would be […]

lose any or all child support/child tax

Will I lose all or part of my child tax credit or gst if I claim bankruptcy? and what about my child support how does it affect it? Posted from: Alberta

Matrimonial home

if I own a home in my name only before getting married and after marriage my spouse files for bankruptcy how will it affect me and the house. Posted from: Ontario

Renting an Apartment

I know I am required to to disclose that I am bankrupt if I wish to borrow $500 or more but I was wondering if I am required by law to tell a potential landlord I am bankrupt. They do not usually run credit checks here in Newfoundland and sometimes rent can be under $500 […]

Going Bankrupt

I am about to declare bankruptcy something that I do not want to do. But the wife thinks only solution.I have 50,000 equity in my house $45000 in debt after I file for bankruptcy how long will I be given to live in my house before I move out.I have contacted a trustee (well wife […]

New bank account

I was told I need to open a new bank account before I file for for Bankruptcy. What if I have a credit card with the bank that will be included in the bankruptcy? Will they seize my funds? Posted from: British Columbia

Is the money in rrsp account protected?

Sir, I am in deep trouble and I hope you can give me some professional opinion. I am going to walk away from my debts because I have very little income and have no assest. I still have $9000 in my rrsp account in the same bank I owe money. Is the money in rrsp […]

barb

This spring (2008), Bankruptcy Canada said that trustees were trying to negotiating with ICBC to get ICBC to recognize Canada`s Bankruptcy laws. IE: if you go bankrupt you don`t owe money to ICBC so how can they continue to penalize a person for debts that are federally cleared? Has there been any headway in this […]

who is notified

my husband and have been separated for 5 years. He filed for bankrupcy 3 years ago. Was I not suppose to be notified by is trustee so i could put a claim in? Posted from: Ontario

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