Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

Owe ei

If someone owes unemployment benefits can they include them if they file bankruptcy Posted from: Ontario

CRA has frozen account and cleaned out

CRA has just frozen account and taken the remaining funds. Payment plan was in place and have been making monthly payments to CRA as per the agreement and now they are saying I have to pay the amount in full. I am self employed and just lost a contract 2 months ago and now my […]

Sale of house before obtaining discharge

I am in the process of a second time bankruptcy. I have made all the required payments to the trustee, and waiting to receive a discharge statement. If I decide to sell my house before a discharge statement is received, can any of my creditors have a claim against surplus money I receive from the […]

Bankruptcy risk to common law partner

I’m just entering a new common law relationship how will bankruptcy affect my new partner and their assets? Posted from: Ontario

John

What will happen at the end of my bankruptcy if I have not complied with my trustee completely? i.e. not given all the paystubs. How much longer can a judge decree that I be bankrupt? I’m already doing 21 months. Posted from: Alberta

Rental

We live in our daughters house and pay her $650 a month towards her mortgage. However, she does not live here, she lives with her boyfriend. She claims this house as her principle resident on income tax. If we claim bankruptcy, how does this affect us and her? Posted from: Manitoba

Jointly owned house and related mortgage

If one spouse files for bankruptcy (the other does not), is a jointly owned house and jointly signed mortgage at risk? Will creditors be able to force a sale of the house so that the 50/50 net equity (the 50% belonging to the bankrupt spouse) will be available for disbursement to creditors? Posted from: Ontario

New Credit application for bankrupt

Are there regulations preventing financial institution to approve a new credit for a person who filed bankruptcy? Posted from: Ontario

Gifts

How far back do I need to declare assets prior to bankruptcy? More specifically, if I received a cash gift 13 months before filing for bankruptcy is that to be included? Posted from: Ontario

rent

I would like to know how my back rent for my only home is handled to I get evicted because of the two months rent that I owe. Posted from: Ontario

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