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Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

Creditor Objection

If you have several creditors and one is objecting – can you make an arrangement directly with the objecting creditor to satisfy them and as a condition of your offer to satisfy them – they would then cancel there objections to the court? As well, when one creditor formally objects – are all creditors made […]

Courts

hello, Discharge orders are done by courts and the length of discharge time depends on which courts you are dealing with. I heard that some times it could take forever and if so, which court is best to deal with? Thank you in advance Posted from: Ontario

Debts

Hi, I have a quick question – it`s for a friend who went to visit his country and his papers were stolen there.Because he will have to apply for a visitor visa to come back but this process could take up to nine months.He doesn`t have any money to pay his mortgage and his car […]

Trustee consultation prior to bankruptcy

Mine is a pretty complicated situation with a debt of 200K , shareholdings in 2 corporations with property , loans by the corporations to me , cash transactions between me and the corporation , etc. I want to have a discussion with a trustee regarding a potential bankruptcy but I do understand that a trustee […]

Pay Day Loans

hi i was wondering if i had a pay day loan at a place than if i out a stop payment on it sso it didnt bounce than filed for bankruptcy is that considered fraud? i ve been stuck going for soo long using payday loans at the same store at least a year borrowing […]

Surplus

my 10 year will be up in 3 monthes and I make $1650/month which is below the allowed limit. When I go to trustee to file for bankrupcy I will be required to submit a monthly expense statement. A friend offered me a tiny space to sleep for free that means my rent is free […]

Where to report bankruptcy fraud?

I know someone who is committing bankruptcy fraud because he incured debt on credit cards with absolutely no intention of paying that debt back. He has transferred funds (can be proven) that he got from credit cards and lines to his close family members. It is my understanding that it is the duty of trustee […]

Wait Time

How long does it take to get discharge order from office of Superintendent? I had a conditional discharge order which I paid fully at the end of last February. My trustee forwarded my docs to office of superintendent beginning of March. As of now, I have not heard anything from the office of superintendent. I […]

surplus income calculation for real estate agent

Hi there, If I`m declaring bankruptcy. How is the surplus income calculated if I`m a commission earned real estate agent, which I don`t get income stable everymonth? Please advise! Thanks! Posted from: Prince Edward Island

recently filed for bankruptcy

I filed for bankruptcy more than a week ago. I noticed that I have one unsecured store credit card (limit $ 4000.00) that I forgot to disclose although it has no balance and a secured credit card that I opened a few days before I filed for bankruptcy with a limit of 500 dollars. Is […]

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