Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

Marital house

I am now divorced from my xp but we still own the family home together. I am now about to declare bankruptcy, will my debts be settled from the asset the home represents and if so what happens to what`s left over of the asset Posted from: British Columbia

single bankruptcy or proposal

I had a credit line together with my wife wich was paid off back in December 2007. After that it was closed. I opened a new line of credit (new account) under my name January 2008. I have a credit card that I am the primary card holder and my wife was teh secondary card […]

Bankruptcy, a new child and the Surplus Income Calculation

My wife is 7 months pregnant with our second child and about to go on Maternity leave. My wages are going to start being garnished next pay and we have no choice but to file jointly as we have 55000 total debts from credit cards and line of credit dept. My wife’s income and the […]

help!

i have unsecured loans,line of credit,visa,totaling 68000 also owe back personal tax of 2000.00 i clear 600.00 a week,im living with a woman,and basicaly pay 60% of the household bills….what can i do? Posted from: Nova Scotia

Ms.

My boyfriend is currently finalizing his divorce. There is a separation agreement that was made a court order stipulating the monies that she must pay him (for ongoing costs, child care, etc.) They have shared custody of the children and there is no child or spousal support on either side. She owes him roughly $10,000 […]

Monthly Expense statements

I was just curious. If someone files for bankruptcy, they are required to submit an income/expense report, monthly. Assuming it is okay to fax the report to the trustee. How do I know for sure that the trustee has received the report when faxed ? Other than calling and asking, is there something else that […]

Job loss and Bankruptcy

Hi there. I have recently lost my job in the local paper mill here in my little town. I now have to leave the province to find work but I won`t be making anywhere near the amount of money I had made previously. I think bankruptcy is inevitable. We would like to make an attempt […]

How are U.S. creditors handled in a Canadian bankruptcy?

Are you protected from U.S. creditors in a Canadian banruptcy? What about civil penalties and fines imposed by the federal government? Posted from: Manitoba

Social Security

If I receive Social Security payments from the United States, are they considered income when filing bankruptcy. In the USA Social Security is exempt from income. Posted from: Ontario

Is it possible to file bankruptcy outside of Canada if all the debts are Canadian

Is it possible to file bankruptcy outside of Canada if all the debts are Canadian? Posted from: British Columbia

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