Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

bankruptcy and local debtors in a small town

When filing for bankruptcy I include debtors/personal loans. Now I understand that you cannot pay them back while in bankruptcy. If I choose to pay them back I may do so after I am discharged? Also before going bankrupt or while I am in bankruptcy may I tell them when I am discharged I want […]

no assets

Will I be able to file for bankruptcy without any assets? Posted from: Quebec

surplus income and bankruptcy

When surplus income is a factor in a bankruptcy and payments are to be made for 21 months; does this mean you are bankrupt for the 21 months or are you discharged after 9 months and continue making payments for the 21 months. Posted from: Alberta

Other changes to Bankruptcy laws

I understand that it was surprising that only changes to rules regarding the student loan discharge period and RRSPs were effected into law in July. Is there some sense of when the other proposed rule changes (eg first time bankrupts with surplus income having to be bankrput for min of 21 months) will be come […]

Owner/Operator job

We are thinking of going bankrupt with a large portion of our debt being income taxes (around 11,000) and my husband is an owner/operator. If we do go bankrupt will my husband be forced to not be in an owner/operator position? Is there a chance we can sign a contract to pay taxes bi-weekly or […]

can I keep my house if I never miss a payment

my wife left and it is just me a my 14 month old child i can`t afford all these bills my self what are the chances that if i declare bankruptcy i can keep my house if i never miss a payment Posted from: New Brunswick

Spouse may have to file bankrupcy

my spouse has been very irresponsible with money. to protect my credit and my children, i want to put our home and car in my name and remove their name so that i am resonsible for the household finances. but my spouse has so much credit card debt that they may end up filing for […]

Help with my mess

Can I file Bankruptcy for canadian debt while living in the usa? Also can the credit card companies get the money from me while I live here. I owe approx 29.000 in cc debt. Thanks Posted from: Quebec

Pensions

I currently receive CPP, IWA and WCB pensions. Can these monthly checks be garnisheed by the trustee in any way? I do work part-time even though I do collect these three pensions. Posted from: British Columbia

can you go bankrupt if your husband/wife is trying to get a divorce

can you go bankrupt if your husband/wife is trying to get a divorce Posted from: Nova Scotia

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