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Most Recent ‘Q&A’ Posts

bankruptcy

Will declaring bankruptcy in Canada effect a person who is planning to move and live in another country (U.S.A.)

Property outside Canada and bankruptcy.

I\”am a citizen of India and a permanent resident of Canada. I own significant value of farmland in India (about 250,000 dollars worth). India has restrictions on sale of inherited farmland (any sibling can oppose , mine will) and capital controls which will make it difficult to sell the property and move the proceeds to […]

Keeping my car and filing for bankruptcy

I am debating on wether or not I should file for bankruptcy. I am currently 30k in debt, mostly accumulated in a previous relationship (he too is in debt and it is agreed that we will take care of what is in our name). Here is my problem. I am currently paying for a car […]

Credit Card Paper Trails

I have been out of work for almost 2 years now, and have been surviving on credit cards. My credit card debt is sky-high now, and I plan on going bankrupt once I get a job. When my financial situation will be assessed by the trustee, how far back to they look at credit card […]

Will my wages be garnished as soon as I start a job

Hi. I have been unemployed for some time and have 2 debts that are in collection with CBCL. One is for student loans and the other is from GMAC. I am considering going back to work now that my 2 children are in school full time. Will my wages be garnished as soon as I […]

Credit Report

I filed Bankruptcy in mid August. Can I still get a copy of my credit report during bankruptcy or should I wait until I’m discharged? I want to view whatever’s on my report and be able to have the credit bureau correct things if there’s inaccurate information. Please let me know what I should do. […]

bankruptcy

Hi I have many credit card and bank loan I have to pay if I didn’t pay it what the way they will contact me is there is any chance the will nock my door and what about my bank account are they will close it thanks for your help

bankruptcy annullment?

When we filed for bankruptcy, we asked some big ‘what-if’ questions – things that wouldn’t likely happen – What if we won the lottery after we were discharged? What if someone died and left us a lot of money that we never expected? Could we un-do the discharge? The trustee informed us that in a […]

avoiding bankruptcy

I have an income which will allow me to repay a back tax debt at a rate of approximately 1000.00 however they did not agree and have now garnished all my retirement income which means I have no choice but consider bankruptcy. What are my options here? I do not wish to lose my house? […]

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