ODSP
i,m thinking on claiming bankrupt,i,m on disability and i wonder what my options are….i get 1,516 per month,i have 2 max out credit cards of 1,500 each and a debt for a furnace of 3,500,also a loan of 8or9 thousand dollars. Posted from: Ontario
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
ICBC
I was wondering if you owe money to ICBC for settlements they paid out if you can declare bankruptcy on it? ICBC agent told me you couldn`t. Posted from: British Columbia
Should I wait?
I never thought it would ever come to this, but it looks like I will have to go bankrupt. It is true what you say, that the hardest part of the process is accepting it and taking the first step of seeing a trustee. We have been living on credit for too long now since […]
CRA debts
I am currently preparing my tax returns for the years ending 2000 to 2007 which I did not previously file to CRA. Based on the T1 returns that I have prepared, I owe approximately a total of $50,000. This amount does not include penalties and interest. Futhermore, I have not filed my GST return and […]
President
I have a personal line of credit maxed out at $90K and personal credit card maxed out at $15K, I own no property, or vehicle (leased) ,but I own 100% of a corporation which owns a restaurant in Ontario that is not doing very well. If I go bankrupt personally,what happens to the shares of […]
Bill C 12 in light of elections
in light of the fact that the Parlament has been dissolved and new elections called, what will happan with the Bill C-12 unproclaimed sections? could they after teh elections be proclaimed in force by Minister or the Parlament has star all over again (readings, etc.). Posted from: Ontario
debts that have not been disclosed
My ex wife filed for bankruptcy and on her sworn statement indicating full disclosure, she has left off debts (mainly promisory notes to family) of about $80,000. What does one do with this knowledge that her sworn statement is less than full disclosure. Does this nullify her bankruptcy? If I bring this to the attention […]
Lost
I filed for bankruptcy in May of this year, but I made sure my trustee knew I was planning on going back to school and I was in school last year.. She was very eager to sign me and now i`m having a problem with my Canada student loan. I was under the impression that […]
undischarged bankruptcy
I declared bankruptcy in 1995 or 96. I received a conditional discharge based on paying what i owed to the trustee. We made sure my husband, ex husband now was discharged first as we only had money for him. Long story short..I never paid my trustee and I am not even sure who it was […]
Is it really this easy?
After reading much advice on the blog I filed forbankruptcy on March 18 2008 based on a single debt of 80k to CRA that I could not possibly repay. I paid the trustee $175/month for 9 months. I met her twice for a 15 minute session after filing. At my last meeting 3 months ago […]