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Most Recent ‘Q&A’ Posts

am i bankrupt or not

I applied for bankruptcy in june 2006. i had 2 5minute meetings with an officer and paid them 2amounts of 169.00. i goy a phone call in december 2006 to go in for a meeting and i asked them if i could book another appointment as i was putting my father in a home. they […]

Additional Debts?

My discharge for bankruptcy was granted in Nov 2005. My trustee and I went through all of my revenue canada accounts since those were my largest debts.All accounts were cleared up. Employment insurance said I had a debt with them in feb 2006 stemming from 2003. Am I still liable for this debt?

joint/supplementary credit card

Last summer my husband declared bankruptcy. One credit card for $8000 was joint or supplementary, (not sure which) but I never used my card at any time. I have been paying $200 monthly but have been unable to get a statement from the bank I have made numerous requests without success. The trustee tried also […]

Surplus Income

After going through financial distress for roughly a year now, and not being able to make payments to my creditors I`ve decided to start the process of claiming. I fear that when I do, my family will suffer more so than we already do financially. I am a single mom of three and make roughly […]

bankruptcy

due to illness have no income except pensions, and temporary WCB. Aged 72. No assets, property, except car, value about 2000. Credit card debt is about 40,000. Can`t afford even minimum payments on CC`s. Is bankrupcy the way to go.

Late Filing Penaltys – CCRA

When you file late with CCRA – They can hit you with a 20% late filing penalty on tax`s owing – My question is with Bankruptcy are Penalty`s for Late filing eligable for discharge or is that considered a `Fine` and not dischargealbe. My second question is are you of the opinion for a second […]

Canadian working in the US?

I am a Canadian citizen working and living in the US. I have Canadian debt from when I still lived in Canada which I am finding hard to manage. Am I able to declare bankruptcy in Canada, while living and working in the US? If so – how will this affect my US credit rating? […]

Avoiding charge of fraud

my cousin needs to declare bankruptcy. he is worried that he may have made some inappropriate transactions. he took time off from work to go to school in France for nearly a year. he thought he would get money to pay off the debt from his father, but that won`t happen now. i think it […]

Cashing RRSP

I have an RRSP with a bank. It is worth about $10,000. I think I`ll need to declare bankruptcy or make a consumer proposal soon. I have some friends who work for the bank, and I don`t want them to know about my financial problems. I have no other products with the bank. Could I […]

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