Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

Being Sued

I have been thinking about claiming for a long time now. I have recently been put in an unexpected situation and know I am going to be sued by an insurance company for around 12000 dollar. If I wait until after the judgement (again I know this is my fault and I will lose) will […]

marriage after bankruptsy

What happens if i get married after my bankruptsy? I have all seperate accounts and we are not sharing any monies at this time. Posted from: Alberta

Separation

My husband is claiming bankruptcy and we own a condo. No divorce just legal separation currently. We have equity in our condo. About 60k how will this affect me? Joint debt is 2k Posted from: Ontario

gift to relative before bankruptcy

I recently read one of your responses that dealt with gifts to family members prior to bankruptcy and I recall your comment about the gift, I think it was $25,000, being given more than 5 years before the bankruptcy so no problem. What if the gift was real estate worth $100,000 or more and say […]

ms

My question is about bankruptcy when you have mortgage. My question is very simple. I just want to know when you have a mortgage with the same bank you have a debt on a Line of Credit and one credit card? I am paying my mortgage through another bank, can I close that checking account […]

household income

Grandparents need to claim bankruptcy. Two adult grandchildren temporarily living with them. One grandchild is working and paying $400. a month for board and room, the other grandchild on EI and paying $300. a month board and room. Does their entire take home pay have to be included in the household income or just the […]

Does how much support you receive affect if you can declare bankruptcy

Can I claim bankruptcy or get a consumer debt relief if I receive a large child support payment? Posted from: Ontario

Ken

I have over 10 years of unfiled taxes. I know that I will owe well over $250k. I am meeting a trustee next week, but I have a question that’s keeping me up at night. Can I declare before knowing the exact amount I owe? If I make a reasonable estimate and then file my […]

bankruptcy

can a person cancell a bankruptcy if they changed there minds about after 15months of making payments for bankturtcy? Posted from: Manitoba

common law bankruptsy

My girlfriend is thinking about claiming bankruptcy weve been living together for 6 months, will this affect me? Posted from: Saskatchewan

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