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Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

Failure to meet requirements.

I failed to meet all the requirements when I filed for bankruptcy in 2002. I was young, stupid and scared. What can I do to reconcile the situation 5 years later? I have since started a family and want to set things straight.

CCRA – Division 1 Proposal

My question is – CCRA represents approx 7% of my overall debt – If I offered a Proposal (Would be Div 1) – a lump sum payment % – are they bound by it like the other creditiors?

Tax Dept.

Hello, I filed bankruptcy last year (nov.2006) and waiting for my dischange. Last week, I got mail from Revenue Canada stating that there was false info on my 2004 and 2005 tax return and asking me to pay the difference. I believe Revenue Canada is making a mistake. I just wanted to know how are […]

Bankruptcy and Child Support

I think I posted my question on the wrong page previously! I was going to go through the Family Responsibility Office for my child support. (My ex pays support when and if he feels like it due to gambling debt.) He just informed me that him and his wife are filing for bankruptcy. Should I […]

Bankruptcy

Hi, I need to ask a question as I am concerned about my mother. She is 78 yrs old, and approx. 8,000 in debt. She rents, has no assests except an older car worth maybe $500. She is on a fixed income, about $1200/monthly. She filed for bankruptcy approx 9yrs. ago, Can a person file […]

I have a small business…

I have a small registered business of which I am the sole proprietor. Can I claim personal bankruptcy without affecting my business?? The business has no assets or debt.

Child Support Orders and Bankruptcy

I was wondering what happens if someone has an unpaid child support order and they are trying to claim bankruptcy? Especially when they quit thier job and are not looking for a new one. Will they be required to start making thier child support payments?

Car Loan

If I go bankrupt, I just got a car loan 6 months ago before I realized that I had a huge amount on my student loan that I have no way of paying. What will happen to my car in the bankruptcy…since I have only made 6-7 payments on it and it isnt mine yet […]

How will my husband`s bankruptcy affect me?

My husband and I have a mortgage together and a line of credit. He also has credit card debt that he is unable to pay due to his unemployment. Can he claim bankruptcy without us loosing our house? I also have two vehicles that were given to me from family? Would we be better off […]

Closing business

I have closed my business and have no job or income, I have approx 100,000 in debt My business was a sole propritorship and I have 2 unsecured loans of approx 40,000. I co own a home with my wife, have a son in high school and a daugher in university. What is the impact […]

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