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Most Recent ‘Q&A’ Posts

cmhc debt

I forclosed on my house in 1997 and it was cmhc insured,i have never been contacted in anyway or form form cmhc until now 10 years later through one of thier collection agencies by mail, i have not responded to them, i heard that if whithin the first six years if collection had no contact […]

Child Tax

I started bankruptcy Mar 2008, April 2008 I got a letter from Child tax stating they calculated incorrectly when calculating my child tax and now I owe more money. What happens to this owing, can I add it to the Bankruptcy ?

Should I Apply for Bankruptcy

I received OSAP in 1998 (grant/loan).After completing school the bank informed me I would start paying as soon as I received notice from them. Three years ago 2005 OSAP got in touch with me to inform me they had never received the final paperwork and I would have to repay the complete amount. They take […]

Both our Tax returns

My Common law Spouse claimed Bankruptcy, not me. then he passed away. Can the trustee take my Tax return and my common law spouses as well?

My Spouce is deceased

My common law spouce passed away in an automoble accident, just before he was to be discharged. The Trustee went to court and the Judge granted the discharge. Now the Trustee want my death benefit package. But my name was not on the bankruptcy. Can they take it. `we have two small children, and I […]

Can i give a house ?

Before i go for a bankruptcy, can i give my house for a gift to someone. Or can i sell the house to a friend for the price that is under real price? Or can i transfer what i own under his/her name and then i dont own nothing for the house and i can […]

Length of Bankruptcy

This is just a hypothetical question. Assuming I have filed for bankruptcy and have been told that it will take 9 months before I get discharged. I am NOT working currently. What happens if during month #8 I find a job. Will I have to pay surplus income and will my discharge now be longer […]

2nd time bankruptcy

my husband was in bankruptcy for a second time in the year 2000 he did not recieve a discharge. Why, does`nt he get automatic discharge 24- 36 months, under the new law in 2005?

student loan

My wife has a student loan and she is thinking of filing for bankruptcy. We presently own a home which is under both our names. How does this effect us? I have not co-signed her loan.

right to setoff by bank

can a bank empty your bank account using s.97 `right to off-set` of the bankruptcy act as a reason ???? (bankruptcy paper was signed on oct.24; bank emptied account on nov.7)

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