House Sale
Please clarifi the number of years allowed after the sale of a home, to apply for protection ?
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
Engagement Ring
Hi there. In 2006, I purchased my wife`s engagement ring & wedding band on a credit for approx $2,000. I had paid off the card but have over extended on my credit again. My overall debt is becoming unmanageable and I am contemplating bankruptcy. I know one question a trustee asks is `Have you given […]
failed consumer proposal
I recently had a consumer proposal with a trustee and due to layoffs I fell behind payments due to layoff and cut hours, and the proposal was anulled. My trustee made no attempts to inform me on other options such as changing my proposal so it would not be anulled. I don`t want to do […]
Assets in the US
I`m in a bad debt problem in Canada, need to go Bankrupt, will never be able to pay such high debt due too bad building project. The power of sale is complete, the sale was only 75% of equity value, but there`s still a large mortage debt, your talking more than a million dollars. Investors […]
effects on a company after filing personal bankruptcy
i am the sole shareholder of a pasive alberta corporation, this company is the sole shareholder of three other corporations(Ontario, Manitoba, and Federal). What would a trustee do if i filed personal bankruptcy?
bankruptcy or not?
i owe about 55,000 in consumer debt (credit cards and LoC`s, and another 20,000 in personal loans from family etc. Im may 06 i suffered from a back injury at work, however wcb and finalized that i am not eligible, for one reason or another, and sunlife says its a wcb claim not a DI. […]
reduction in wages
How will it effect my repayment amount if I make alot less than at the time of filing.
Can I change my mind?!
I have filed for personal bankruptcy in the last few days – paper signed. Upon further sober thought I think the better solution for me would be a Consumer Proposal. Can I go back to my trustee and ask to go the Consumer Proposal route? They are closed until the first week in January so […]
Secured Car Loan
Hello. I have a secured car loan with RBC for $10,000, with $6,000 owing. I realize in most cases that a bankruptcy will not affect a secured loan since the bank already has a lien registered. I also have $20,000 line of credit owing to the same bank,. My question is if it`s possible for […]
Non discharged personal bankruptcy
I received a conditional discharge for a first time personal bankruptcy, but I did not meet the conditions for an absolute discharge as of yet. The trustee has been discharged as 3 years has lapsed since my initial filing for bankruptcy. My questions are: 1) can I still receive an absolute discharge if I fulfil […]