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Most Recent ‘Q&A’ Posts

Cash On Hand

When you claim bankruptcy – are you allowed a certain amount of cash on hand? would it be so many months times the allowable amount under the Superintendents Guidelines? Please advise, Posted from: Ontario

Question about a mortage shortfall.

Hi, I`ve put a question last week regarding a mortgage that is not only on my name so I can`t sale it by myself.You answered me that the easiest solution would be to force a shortfall on the mortgage since I can`t find the other person to obtain her consent to sale.My question is how […]

Keep the house

If I file for bankruptcy, can the house that my wife and I live in be seized. My name has NEVER been on title for this house or any house, in the past. The house is owned/on-title with my wife and her mother, it been that way for as long as I know. If I […]

Bankruptcy

Hi there, Can creditors request court order to garnish an income from commission earned of a real estate agent? If so, how is it determined? Thanks! Posted from: Ontario

Trustee`s Office

I have decided to file for personal bankruptcy. I have been unemployed for the past 6 months. I am currently unemployed. What do I need to bring with me when I meet up with my trustee and begin the tast of filing for bankruptcy ? What documents or info do I need to bring with […]

Can I keep my vehicle if I file for Bankruptcy?

If I file will need to keep my cars . Will I be able to do this ? Need the car to get to work and there is no bus system that runs in my town the where i work . I am not behind in my car payment . i am behind in credit […]

spousal rrsp

my common-law husband took out a 5,000 spousal rrsp. this is his money but would i have to lose this if i am to go peronal bankrupt. this was to help him lower his taxes for that year but he put it in as a spousal as we told that was best because of our […]

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