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Most Recent ‘Q&A’ Posts

Income during bankruptcy

I have been bankrupt for approximately 6 months and received disability benefits during that time. I now am returning back to work but as a result will have only approximately 700.00 in June for earnings and my disability benefits for June do not come in until early July. Thus my income will include 2 pay […]

Mrs. B

Several part question: Our house was foreclosed in 2009..CMHC takes my husbands income tax every year since 2010 for the shortfall..We had tons (over 50000) in credit card debt etc and could not pay. We originally had seen a trustee for bankruptcy prior to the foreclosure and since we had no money to file for […]

Trying on my own!

Are there any negative consequences to approaching the bank(s) that we owe money to on our own, before resorting to consumer proposal or bankruptcy, to see if they are willing to negotiate repayment/interest? Posted from: Nova Scotia

Shared title to a property

If a property has multiple equal share owners and one owner is declaring bankruptcy how does this affect the other owners of the property? Does the property have to be sold? Is the property lost to the other owners? Posted from: British Columbia

Selling property to family

I co-own a cottage with a family member and am considering bankruptcy or a consumer proposal. Can I sell the rest of the cottage to a family member? IF I declare bankruptcy, how can the trustees sell half of a cottage? Would my family member have to agree to who can purchase the other half? […]

Mental Illness and Bankruptcy

My friend is now hospitalized in a mental illness facility. He has been there for over a month and his mental health is still deteriorating. His troubles started with divorce proceedings , started over a year ago but now put on hold; he stands to lose one half of a relatively small pension. His debts […]

E.I. balance

Can I include funds owing to Employment Insurance in my bankruptcy Posted from: British Columbia

question on bankruptcy

My question is… My husband and I did file for bankruptcy.. WE are two months in right now…..I dont work. The income is under 100 surplus.. So no surplus every month except the one money where he gets an extra pay.. We were told that we can do the 9 month … But i was […]

mike

why is my trustees discharge date different from my discharge date and what does this mean Posted from: Ontario

divorce and bankruptcy options

My wife and I are in the process of a divorce. Property/debt has not been divided. My wife is threatening bankruptcy.No net assets only net debt ON JOINT CREDIT.All loans paid up to date no late payments. How can I prevent her from dragging me into bankruptcy on the loans that are cosigned with me. […]

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