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Most Recent ‘Q&A’ Posts

New Rules Regarding RRSP

I have taken money from my RRSP in 2007 under the Lifelong Learning Program. The money becomes fully due this year since I didn`t join a qualifying course due to financial difficulties. . Can I repay the money to my RRSP this year if I intend to declare bankruptcy? The money had been initially deposited […]

Is bankruptcy an option?

im unemployed and have a gambling addiction. Ive maxed out my credit cards, i owe 35,000.00 currently. Is bankruptcy an option for me ? Ive run out of options, im 27 yrs old and all i have is debt. i would like a fresh start. Posted from: Quebec

Unpaid rent

Can unpaid rent be included in a bankrurtcy ? Posted from: Quebec

being discharged

Nine months have just passed. When and how will I know if I have been discharged from my bankruptcy? I did not receive any opposition notices directly from creditors, would they have been sent to the trustee? And if i have to go to court, when will I know? Thank you Posted from: Ontario

U.S./Canada debt, unemployed in Ontario

I am a Canadian, working & living in the U.S. I am likely going to lose my U.S. job in the next few months…due to a disability. I have a $150K Line of Credit and $5000 limit Visa with one Canadian bank. I also have a $8000 U.S. bank car loan. (1) Can I pay […]

Quebec studen loan

I graduated from a Quebec university in 1993, and now carry a very large loan. The government has recently had a judgment against me for the amount.. Is it possible to declare bankruptcy in this situation? will this be able to be included? Posted from: Quebec

sole propietor

If I file for Bankruptcy (on the personal side) and my business is not incorporated. What is meant by buying the business back from the trustee; would the trusee have controle of the deposits and withdrawls, or would I run it as usual. How would a budget be set for running a business and filing […]

leaving job and declaring bankruptcy

If I quit my job in Montreal and moved to Toronto to look for a better employment, however currently I am unemployed , can I still declare bankruptcy ? Will i be able to keep at least 2000-3000$ savings for current living until I find the job? Thank you Posted from: Quebec

all but one loan 7yrs

All but one of my student loans is 7 yrs old, i understand it to be that i could apply to the court to have my last loan forgiven or whatever, but my husband makes good money and the hardship is based on income not expenses right? because expenses far outweigh his income, not sure […]

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