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My spouse is currently in bankruptcy. She is not in the title to my home, which I am currently in the process of selling. Can any of the equity I receive from the sale of my home be seized under her bankruptcy to be distributed to her creditors?
What are the criteria for claiming bankruptcy? Have a friend, not entirely literate, so trying to help out. Incurred a lot of debt (40k), owns a house (trailer (40k)), and has zero income now, or in the foreseeable future. Lost his job three years ago, and has been living on credit since then. 59 years […]
Statistics Canada keeps close tabs on the economic status of Canadian consumers, and publishes its findings yearly. Similarly, the Office of the Superintendent of Bankruptcy Canada (OSB) records statistics specifically on insolvency. Drilling down into the data reveals both cautionary and inspiring trends. Note that Statistics Canada defines a consumer as an individual with more […]
We live in Alberta and have accumulated $140K in debt. My husband owns a small business that is struggling and has been for the past year. It is a sole proprietorship. We “own” a home in which the value is $440K, but the outstanding mortgage and secure line of credit are $310K. We spoke with […]
If one spouse declares bankruptcy but the marital home is in the name of the other spouse, why isn’t the home part of the bankruptcy?
Can they take a lif that I received from ex spouse pension division in court.
If I lose my final WSIB appeal and they drop my level of impairment from the current 35% to the original 18% I’ve been been told I would have to repay the lump sum NEL plus the difference between the 18% impairment and the 35% impairment for the years I’ve been collecting WSIB. This payment […]
What happens if one person has to claim bankruptcy and they own a vehicle, but the vehicle is co-owned (for around ten years) with another person not claiming bankruptcy?
I have claimed bankruptcy. My former employer is offering me a settlement of a grievance. How will this affect my bankruptcy?
What happens to my RESP for the children when you claim bankruptcy?
