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Most Recent ‘Q&A’ Posts

Bills

does bankruptcy cover bills that are not in collections yet? Posted from: New Brunswick

Monthly Income & Expense Report

I just filed for bankruptcy but wondered what happens when my monthly expenses are lower than my income? My take home pay is under the threshold that`s set out in the Superintendent`s Standards for surplus income. Would the left over cash be considered surplus or can i just start a savings with it? Thank you […]

outstanding debt

my husband & I have one credit card in both our names. What happens to the outstanding debt if I file for bankruptcy? Posted from: Quebec

Bankruptcy Abuse

I know a person who has been carying on business as an undischarged bankrupt for about 10 years. She cons other people to open bank accounts for her and others to guarantee loans. She even got to :own: property by having someone be a bare Trustee holding her beneficial interest for her use only. She […]

bankruptcy and my spouse

My husband and I share 2 credit cards, he had them first than put me on them, is there anyway i can sign a paper or do something to take the full debt of the cards from him, so he is not affected? Posted from: Nova Scotia

2nd bankruptcy and student loans

I filed a previous bankruptcy but couldn`t include student loans and its past the 10 years now…I am unemployed now and unable to make student loan payments. I also have other bills I have accumulated due to not working. I just started a new job but they are threatening guarnishments of my wages. Can I […]

cosigned vehicle and bankruptcy

A vehicle that i cosigned for went into reposession. The amount that is owing is over $35 000, i am a student and will be for the next 3 years. Would this mean i need to/should go bankrupt? or is there a way around it? All my other loans (studentloans/visa/bills) are in good standing. Posted […]

Finding Job after bankruptcy

Will bankruptcy affects future employment or existing employment? Can employer ask if you have been bankrupt before? Can an employer fire someone because he is bankrupt and has been bankrupt before? Will bankruptcy record affect someone in finding employment? Posted from: Ontario

student loan payments

If I file a bankruptcy but don`t have enough years out of school to include my student loans, will I be required to make payments to my student loans while in bankruptcy? Or can I request a hold for the duration of my bankruptcy term? Posted from: Quebec

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