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Ok , if one has gone bankrupt on Feb/07 and their income tax is filed by the trustee- (2006 income-thats 2007 income tax period- Then trustee would file the 2008 income tax for income from 2007 – Two files are done – 2007 income and a tax report for Jan07-Feb 07- pre bankrupcy- Now 2006 […]
What if my monthly expenses are more than the standards? For example, being a single person the standard is $1836 per month. At my current income I would have a surplus income each month, but my expenses are more than $1836. Posted from: Prince Edward Island
My son perhaps has to file bankruptcy but I need to ask a few questions. He owes bank loans, credit cards and car loan. Do all of these go away with bankruptcy? Can he still work after filing for bankruptcy and does his employer have to know that he has filed for bankruptcy? thank you […]
How do trustees or creditors determine whether or the applicant should be reviewed for 3 months or 1 year? Do the creditors themselves do this review or is it the applicant who must present this evidence? Can the applicant know if they will check 3 months or 1 year? Posted from: Ontario
When applying for bankruptcy, do I have to show all the purchases and usage on my cards prior to filing or do I just bring a current balance print out from the bank teller or bank machine? Will my card usage be scrutinized by either the respondents (creditors) or the trustee? Posted from: Ontario
I have a perfect track record of making all my payments; however, it leaves me without enough money to pay for rent and now I crash at different friend`s houses. Is this justification to file for bankrupcy or should I default on my loans first and then file? Posted from: Ontario
Is it true that if a person owed money 1999, and the collectors were unsuccessful at collecting the money after 7 years they no longer can come after you, Posted from: Ontario
I declared aug 1st and was wondering i have a my account at td with a balance still of a little less than 300 owing. i opened another account at another banking institution but was wondering should i call my trustee to put that in or is it not allowed be do declared…. Posted from: […]
Do I need to tell my employer if I file? Does it become public knowledge if I file for bankruptcy? Once discharged from a bankruptcy how long does it stay on my record ie how long does it affect my credit rating for applying for a mortage etc? Once discharged do I have to tell […]
Am I able to use a credit card that has been issued to me as a supplementary card by a friend on his account during my bankruptcy? Posted from: Ontario
