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Is the trustee fee for bankruptcy the same however complex the procedure may be? Is it the same for a wage earner holding no assets as it is for a businessperson with an incorporated business and seizeable assets inside and outside the corporation and a number of questionable transactions? Is the trustee obliged to give […]
If I miss my credit card payments saying that I don`t have money can the creditor force me into bankruptcy or is it just an empty threat? In my case I consider myself judgement proof having no assets of value and getting a disability pension which is just enough to get by. The reason I […]
Can I take a loan and contribute to my RRSP while being an undischarged bankrupt? If yes , am I required to take the deduction in the year the contribution is made and give my tax refund to the trustee? Posted from: Ontario
I have financial problems Becouse volatile stock market , currency trading ..gambing and job loss.. So i don;t have a place to live after all I live with my friends I am planning to move from Ontario to Alberta Should I file in Ontario or Alberta ??? Posted from: Alberta
Hello, I have read in some of these posts that surplus income effects the length of discharge in some cases. When I file I will be making between 2300-2500 a month, which would be 460-660 over the $1836 limit. I have spoken to a Insolvency Administrator and she told me that I will have to […]
I hear that when you file for bankruptcy you need to supply the trustee with a monthly BUDGET, outlining both MY income and expenses for the month. What if I have no income ( NO JOB ), and my wife is paying for all the expenses. Will I still need to supply a budget to […]
I am debating about going into bankruptcy. I have a $40000 credit line and $7000 on visa and $5000 overdraft. I am currently going to have to have a surgery(spinal) where I will be unable to work for 2-3 months. I am currently 27, and fallen on hard times. I got laid off my jobs […]
While bankrupt can I take a loan to acquire property? Example: Take a loan from a close relative to buy computer equipment. Posted from: Ontario
My mother in law recently became widowed and might now have to claim bankrupt due to credit card debt. The house is hers now and is paid off. To avoid losing the house, can she put the house in one of her kids names so that they cannot take it away.
If my husband declares bankruptcy on his credit cards what can they take or make him sell? The house is in both of our names (we still have a large mortgage). Can you declare bankruptcy on credit cards only?
