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Most Recent ‘Q&A’ Posts

RCMP background Check

I am up for a job that requires a RCMP background check. It is not at a bank. Will the bankruptcy show up on such a search?

Bankruptcy when not employed

Can I file for bankruptcy if I am not employed? I am slowly drowning trying to keep up with payments for credit cards and lines of credit.

RIF’s

Are personal Registered Income funds (those converted from RRSPs by one principle) accessible to creditors when filing bankruptcy for a Company involving 2 principles.

Is repo better??

I have no other debt besides my car but am out of a job and cannot carry the payment any longer, I am already 2 payments behind and have been for sometime. The loan is very front end loaded and there seems no other way out then to declare bankruptcy to get rid of it. […]

Living overseas

what happens if you are living overseas (over 12 months) and plan to stay but are having difficulties paying your Canadian loans due to the fact you are earning quite a bit less? are you eligible to do anything in this situation?

Division 1 Proposal – Early Payment/Termination?

When someone makes a Division I proposal (which is accepted) – can someone make a lump sum payment and have early termination from the proposal process? i.e. if the proposed amount is $50k over 5 years – someone wins the lotto/inheritance for $50k and pays it off month #2 – will the proposal period end […]

Bankruptcy essentials

Will my employment or future applications for any job position be effected if I declare bankruptcy?

can i go for bank r

iam have to pay 22000 thousend to the banks and i make only 2000 a month and my payments about 1600 so can i go for bankruptcy

bankruptcy will affect RRSP /RESP accounts as well?

wonder if the dad file the bankruptcy, his RRSP contribution will be protected or will be affected? and also, who is the ownership of RESP? the beneficial of RESP account is his kids and he makes contribution every year. Wonder if they will be affected as well?

STUDENT LOANS IN BANKRUPTCY

WHEN DID THE 10 YEAR RULE COME INTO EFFECT. IS THE BANKRUPTCY LAWS THE SAME IN ONTARIO AS MANITOBA. I WENT BANKRUPT IN ONTARIO BUT NOW LIVE IN MANITOBA. I WENT BANKRUPT IN DECEMBER 0F 2000, THOUGHT MY STUDENT LOAN WAS INCLUDED, AS MY TRUSTEE NEVER SAID ANYTHING ABOUT IT NOT BEING. NOW OUT OF […]

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