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Most Recent ‘Q&A’ Posts

Marriage during Bankruptcy

If you are in the middle of a bankruptcy and you want to get married, will your spouse to be have to pay? This is if you’ve already filed for bankruptcy and you have your payment plan, if you get married will you have to pay more as your spouse’s income will have to be […]

Trustee obligation

In the first 7 months of bankruptcy, does the trustee review my statements each month and inform me about my surplus/if any, or they collect all and calculate at the end of 9 months? Must he/she let me know how much is my surplus payment each month? Posted from: Ontario

Bankruptcy

What happens if u don’t pay your bankruptcy fees and it is not on your credit report that u ever claimed bankruptcy Posted from: Manitoba

surplus income extended bankruptcy

My discharge was opposed because the courts determined I didn’t pay enough surplus income to my trustee. I am finding it difficult to continue to pay the outstanding amount of 7000. I have missed two months already and I am wondering what happens if i stop paying all together. Posted from: Alberta

matrimonial home

my wife and I live together in our matrimonial home. Title to the home is in her name exclusively. There is about $200,000 in equity in the home. Unfortunately, she has executions vs her name totalling about $300,000 [from improvident bank sale and solicitor negligence]. She would love to be able to afford a lawyer […]

eligibility for bankruptcy

My husband and I are loaded with loans with quite a few creditcard companies. We do not have any assets at all, except we are a gaurantor to a house that we had transferred to our two children six months ago, because we could not take care of the house financially. My question is that […]

Declaring bankruptcy

My husband and I owe about $50,000 in debt between us. His credit rating is terrible but mine is very good. We only have 1 joint account, a line of credit in the amount of $20,000. If he were to declare bankruptcy, can he do it alone, or will it have to be both of […]

personal bankruptcy

My debt is only to CRA for company debts after my business was seized and sold by the landlord. It is now in excess of $300,000.00. I have gone to a trustee, made a proposal, had it rejected, have no assets except my CPP and OAS. Will take my CPP. Trustee says signifigant costs will […]

Surplus Income

If my income is above the surplus limit, and because of it, the term of my bankruptcy is much longer than the 9 months. What happens if my employment changes and I am no longer in above the limit? Will the terms of my bankruptcy change to reflect this or is it set from the […]

RETROACTIVE CHILD DISABILITY BENEFIT

My child was just approved for child disability benefits, it goes back 3 yrs, i habe filed bankruptcy about 2 mths ago. Will the trustee take my back monthly pmts i was entitled to? Posted from: Nova Scotia

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