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Most Recent ‘Q&A’ Posts

refusal To Recognize Bankruptcy

Hi, I filed personal bankruptcy in 2006. One of my creditors has refused to recognize this. I am not sure exactly what this means for me – as if I would have had money I would have paid it. Is there anything that I can do? Thanks

inheritance

Can I keep my inheritance if I have declared bankruptcy in the past, or am I obliged to repay my bills that were outstanding?

Creditor access to personal information during bankruptcy

What personal information can be demanded of a bankrupt by a creditor? For example: 1. Can a creditor demand details of my past insurance claims? 2. Can a creditor demand to see the past years tax returns of spouse? 3. Can a creditor demand to see my medical information? 4. Can a creditor demand to […]

Leaving Canada After Filing For Bankruptcy

If an individual is a citizen of Canada, will he be able to leave the country permanently after filing bankruptcy? How long must an individual remain in the country after filing bankruptcy? Thank you.

Trustee opposition

Hello, I filed bankruptcy 9 months ago and have been making income surplus payment since November each month. I have followed all the regulations and rules set for bankruptcy by the legal framework so there is nothing outstanding. I was expecting to get an automatic discharge but last Friday I got a mail from my […]

CCTB, UCCB and GST

I am considering filing for bankruptcy in Ontario. Included in this bankruptcy will be money I owe to the government for taxes from 2006. Will I still receive my Child Tax Benefit, Universal Child Care Benefit and GST?

Working for business owned by spouse and Bankruptcy.

I’am presently employed in an incorporated business (restaurant) owned entirely by my wife. How will the fact that I have substantial influence over the timing of payments from the company to me affect me if I declare bankruptcy? Are there any steps that I should take prior to declaring bankruptcy to eliminate potential problems?

American collection agency

Prior to our separation and my ex husband’s bankruptcy we jointly owned property from an american based company. We live in Canada. I thought the property had been sold, but recently I was informed by a collections agency that it had not and that money was owing. Since my ex filed bankruptcy the creditors are […]

RRSP

I have read that Banks have the right to seize funds in cash accounts with them when your in default on credit with them. My question is – does that same right exist to RRSP’s? If I owe “A” Bank and happen to have $15K in RRSP’s at “A” bank – can they take that […]

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