retaining my home
I have purchased my home 7 months ago and am current with my mortgage payments my mother owns 50 % of the house, there is very little equity in the home as well, if I claimed bankruptcy will I be forced to sell??
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
Student Loan – bankruptcy
It has been 10 years since I received my last student loans; I attempted to make some payments but the bank returned them stating it was not the right amount – it was what I could afford at the time; now they have placed a judgment on my credit in Canada – I live and […]
BEEN A SELF EMPLOYED
I have been self-employed (incorpartation)last two years and i lost business this year and I am having troble paying my personal debts All GST-PST paid and business account has been closed All GST-PST paid and business account has been closed If I file bankruptcy will effect my partner?
When are banks notified..
Hello, I declared bankruptcy a few months ago. Only one bank account had to be closed due to an outstanding overdraft. All of my other accounts were still in good standing so my trustee said it would be alright to keep them open (none of these accounts were from banks that I had credit cards […]
Bankruptcy tax return.
I understand that there are two tax returns to be filed in the year of bankruptcy. My questions regard the first one that my trustee files. 1. Since I do not have the information slips (T4 , T5 etc.) for that part of the tax year I could make a mistake in computing income. Can […]
Corporation
I am a 100% owner of a corporation, which is in dept of a couple thousand dollar, at the same time, I am thinking of declaring a personal bankrupcy. I know somebody, who would buy this corporation of mine. He would not give me money for the company, but cover the owings of the company, […]
Delaying filing of bankruptcy
I got into serious financial trouble late last year after an accident left me badly injured. I have stopped paying creditors starting February 2007. I had a discussion with a trustee in April 2007 regarding a Division I proposal , I put off taking any action on it till today. Today I was served a […]
law-suit and bankruptcy
I am in a law-suit. The jugment could go in favour up to $8,500.00. On the other hand I may have to pay the defendant. How would I account for this in my bankruptcy?
secured debts and bankruptcy
I`m on the border line of bankruptcy, I need a car, BADLY, can I purchase a car and them continue payments while all other dedts are filed for/under bankruptcy?
financial problems outside canada
Iam a permanent resident in canada without any problems here. however, I had some financial problems outside canada and I am not able to pay my debts for the bank where i used to live due to job loss. The bank officials call me almost every week. my question is ` can a bank outside […]