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Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

previous year tax return

I will be filing bankruptcy sometime in the next few months (2008). My question is regarding my 2007 tax return. Do I file it normally? Who will get to keep the money from the return?

credit cards

do i have to submit all my credit cards even tho i have one that im happy with and able to pay.

Surplus Payments

My husband and I claimed bankruptcy in November 2007. We are each making monthly surplus payments. I was laid off from my job last week. Will my surplus payment change?

spouse owns house

I`m concidering having my name taken off the house, separating from my husband and then in a years time , claim personal bankruptcy. Will they go back to my husband?

Auto

I have to return my auto during bank. Can I obtain another during bank? As I need this to go to and from my employment as there isnt any transit available

Jewellery value

I am in Ontario. My engagement ring cost $10,000 when it was originally purchased. It is the only thing of any value that I own. My furniture is all years old, given by family or bought at Walmart or Ikea. I have a computer that barely runs and a car that is 12 years old. […]

Child Support

Do I still have to pay for the arrears in child support I owe?

US resident with Canadian Debt

…or Consumer Proposal…can you claim either if you are a resident of the US but own property (which is rented out) in Canada? We are way in over our heads and can`t manage our Canadian debt if I lose my job which may happen soon and I don`t want to not have finances in order. […]

cpp contributions

I`m self employed. When I filed for bankruptcy several months ago I was told my taxes would be covered. Now I`m told I have to pay CPP contributions. Can you advice?

law suits

Does bankruptcy absolve you from paying : 1. a monetary judgement against you in BC 2. or any amount that is in litigation in BC

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