corporate
I have 2 companies, 1 is doing well but the other owes 100K gst/pst, the truste told me I would be better to go personal bankrupt, what happens to my other company, is it affected in any way?
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
cosigner
my grandma cosigned for my car and is filing bankruptcy can they take my car since i make the payments
Increased equity in your home during bankruptcy.
I understand that a individual can have up to $40,000 of equity in their residence in Alberta. What happens when a individual has declared bankruptcy, especially in a hot real estate market , and the equity increases substantially over the nine months of bankruptcy.Example,Before a person declares bankruptcy, the value is $250,000, a mortgage of […]
Shareholder Incorporated Company
I am a 1/3 owner of an incorporated company. Will my company be affected if I go bankrupt?
Collection agency tactics
By law, can collection agencies continue to look for you assets once bankruptcy or proposal has been started? Seems they are continuing to contact some financial institutions to find out if assets exist (although I thought banks could not divulge who has accounts with them).
Head in the Sand
My situation being that I owe CRA $100,000. I am in the process of selling my half of my house which has $56,000 tied up in a mortgage leaving $100,000 equity. I am in a quandary as to what I can do about this as I have had my head in the sand for a […]
Student Loan
Hello, I am carrying a student loan since 1995. The loan survived my 2 filled bankruptcies…consulted a lawyer and a trustee to have the loan dismissed but they were not very optimistic about it…is there a way to get reilief from this loan and have it included in my bankruptcy. Thank you
Not discharged
I filed bankruptcy in 2001. I did not receive my discharge as of yet due t not paying my trustee but I did all other requirements. If my parents gave me a house and I applied for a home equity loan, how would this affect me since I have no discharge yet. Can the trustee […]
request for money by lawyer
I have received a letter from lawyers requesting payment for a credit card from 1997. My ex husband claimed bankruptcy and was discharged. I believe my name may have been signed too. Its been 10 years, do I have to pay. What are my rights.
Bankruptcy when leaving Canada for good.
I’am planning to leave Canada in a few months. I don’t intend to return. I’am a Canadian permanent resident , I’am not a Canadian citizen. I have debt of about 70K which I don’t think I’ll be able to pay before leaving. Can I file for bankruptcy right before leaving? I have no other assets […]