Connecting You with Trusted Licensed Insolvency Trustees – We’re Here to Guide, Not Decide. Learn More
Hi. I am planning to file for bankruptcy in the next 3 or 4 months. I own a house witch I am planning to stop making my mortgage payments. How can I go about my house. Should I try to sell it for any price I can get or just foreclose it to the bank. […]
I have been seperated for over a year. My ex is claiming bankruptcy we still have the home which as not yet sold in both our names. I have some RRSP`s in my name and a little money in a savings account will it be safe. I have saved this money since seperation.
If someone has more than $100,000 of credit card debt from cash advances, what are the consequences and proceedings that would take place? For instance, if the money was spent on small things (not assets) and used for travelling abroad … these things cannot be shown `where` the money was used. So what would happen […]
Hi: I was just wondering what happens if I incurred debts while in bankruptcy and they took me to small claims court before my discharge?
Hi there, I am looking into declaring bankruptcy but I have a question. The majority of my debt is to credit card companies and most of the debt was incurred through cash advances. Will the credit card companies want to know how the money was spent (majority of it was spent on gambling)? If so, […]
If bankruptcy is an option for me and I have a joint account with my mother will that affect her in any way especially if my account is severely over drawn
Bill C-12, which I understand is not yet in force, says that if an insolvent person has income tax debt of over $200,000.00 representing over 75% of his debts he cannot be discharged from this debt without a court order; whereas the old Act treats income tax as an ordinary unsecured debt. If he makes […]
I have been bankrupt since 2005 and am going to bankruptcy court this month – my trustee has provided little information as to what to expect – how long can they collect surplus income from me – we have made good money but they haven`t asked for any income from us yet – could this […]
We filed for bankruptcy in Jan 2004 and after 9 months were given a conditional order of dicharge pending an outcome from WSIB. The order states a discharge if determined there are no loss wages from during the time of bankrupsy. My husbands claim is for loss wages from aug 2001 till Mar 2004, therefore […]
I am looking at the Application to go Bankrupt – Why must you identify the name of your common-law spouse if they have nothing to do with the Bankruptcy? What I find even more alarming – Is on the Statement of Affairs that is sent out to all Creditors which is also a matter of […]
