Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

The New 7 year rule

Hello, I heard that the new 7 year rule is now in effect but what happens to the 5 year rule under the hardship circumstances? Thank you inadvance. Ontario Posted from: Ontario

can i choose to give up my house and two vehicles

if i go bankrupt can i have the creditors take my home and two vehicles? if so does this obsolve me of these specific debts? and what happens to credit card debt, line of credit and personal loans? Posted from: Ontario

mortage guarantor

what if iam the one going bankrupt and is the guarantor on the motgage and the title is in my wifes name Posted from: Ontario

Bank Accounts

I have a savings account for my 2 year old daughter that has my name and hers on it, will that be touched if I file bankruptcy? Posted from: New Brunswick

travelling whilst bankrupt

can I leave the country after declaring bankrupcy? thanks Posted from: Ontario

collateral security by citifinancial

Good Day, I just filed for bankruptcy in May 2008. I had a loan with citifinancial with the furniture of my house attached as security. The collateral security amount is $8000. When i applied for the loans, the terms were not clearly explained, questions like to have a living room suite is your house? I […]

Financial Advisor

I have been discharged from bankruptcy. Will I be able to pursue a career as a Financial Advisor? I have been studying for the Canadian Securities Course, and wondering what the possibilities are. My bankruptcy had nothing to do with my abilities to handle financial problems. Posted from: Alberta

Expat Bankruptcy

I have moved to the US from Canada but have significant debt in Canada including CCRA, Student Loans and Credit Cards. I have no assets in Canada but have purchased a house and vehicle in the US. Can I file for Bankruptcy in Canada while I am living in the US? If I do will […]

after separation

I have been separated from my husband for 9 months. We have divided all the assets in line with verbal prenumpt (document written, not signed, but verbally agreed upon by both parties). All credit cards, loans, mortage have been retitled to one or the other. We both ended up with debt. He ended up with […]

Joint debt

Can anybody go after my Parents or Brother, or family. Posted from: British Columbia

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