Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

what money can they take

can they touch rrsp or my child`s education funds

I was nailed by CRA this week for past taxes. I delayed and put them off as long as I could. They have now hit me with over $75,000 in back payments. This week they garnished my paycheck and froze my bank account. The trustee I need to see is not back for a week […]

Excess Income

Every two weeks I travel 7 hours by car to visit my children. I have to pay for gas, hotel, entertainment and other expenses which cost around $700/month. When the calculation is done to determine my excess income and payments do they take into account these expenses? Thanks

House Payments

I will be filing soon. Common Law wife and i have a house. We bought it about 7 months ago. It is 100% in her name. The mortageg payments come out of her account. As I understand it, the trustee should not consider it an asset of mine and it should be untouched from what […]

Credit Cards

I will be filing for banckruptcy in the next week or so. I have a huge CRA debt of $82,000 for which they have denied deductions going back several years. It is to rid myself of this debt only. Other than this single debt I am doing well financially. This is a shame but I […]

Business Supplementary Credit Card

My company is issuing supplementary Visa cards for the staff. Will my bankruptcy affect my ability to get one? Will my company find out about my bankruptcy?

fraud

how can you tell if a exhusband is lieing and has filed for bankrupcy to get out of paying = an moneys owing to bank mortgage so ex wife losed her home and support. did not file bankrucy until court order was issued.

quests

im considering filing for personal backrupcy , will my rrsp be taken, i have then with the bank, also can they touch my assets at home, it mostly credit card and a personal line of credit with the bank if my rrsp will be touched can i remove them?

2nd mortgage

if there is a 2nd mortgage on a property what happens to it in bankruptcy

alternatives to bankruptcy

how is a trustee different than dealing with a company such as `Total Debt Feedom Inc.`

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