Trustee
Can you change trustess dring the process?
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
Fraud?
My husband and I recently cashed in RRSP`s to try and help get ourselves out of debt, but then after using the money to pay down some bills, we realised, we were too far gone to help the situation any. We are now considering filing for bankruptcy. If we do, will the cashing of RRSP`s […]
Can I file for bankruptcy prior to leaving Canada?
I owe about 200K in unsecured loans taken out for business which failed. I have a job which pays only 30K and the balance just keeps increasing. I want to file for bankruptcy , the only problem being that I may decide to pack my bags and leave Canada for good before the end of […]
Severance Pay
I recieved a severance pay out 1 1/2 years ago. I have no assests left. Why does the trustee want details of this payout. And is it revelant.
Fed Tax & Credit Cards
I hope you can answer a couple of questions I have regarding filing for bankruptcy. I live in Ontario, Canada. I have about $175K owing in Fed Tax. over many years. I have about $ 55K owing in Credit Cards I have not been working for about 6 months, and I am having some difficulty […]
OSAP
I am considering filing for bankruptcy due to substantial student line of credit and OSAP debts. The new bankruptcy law changes the 10 years rule to 7 and it also adds the 5 years hardship clause. My OSAP loans are 5 years old now. My questions are: 1) If the new law takes effect after […]
Length of Discharge
I reside in Ontario. My question is, at what time during the bankruptcy process do you find out if your discharge period will be 9 months or more ? Assuming you have determined/decided to file for personal bankruptcy. What happen during your 1st and 2nd meeting with a trustee ? What documents are filled in […]
Joint bank accounts
If a spouse files bankruptcy and the spouse is joint on the account but never contributed savings to the account and the the money owed (line of credit in spouses name)and the institution is the same. What is the status of the joint account?
Lawyer Fees
I filled for bankruptcy after a very long a difficult divorce. Part of my bankruptcy is for a large amount of fees. My lawyer is opposing the bankruptcy. What are my rights. and is there also a client privelage. I had told my lawyer that i was facing bankruptcy and when it was all final […]
Almost 6 years in November 08
My Girlfriend claimed bankruptcy and was discharged in November 2002. She is now finished her schooling and started working as a nurse. We have decied to buy a house and I was wondering if it would be best to pay off the bancruptcy that she had for $8,000 right now and start working on getting […]