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Most Recent ‘Q&A’ Posts

Buying a house, when fiance is filing bankruptcy

My fiance is going to claim bankruptcy next month. We currently do not live together. I am considering buying a condo in the next three months, at which time he would move in with me and pay me rent. How would this affect his bankruptcy? Would my income be added into a household total, thereby […]

provinical tax

When living in Nova Scotia in the early 1990s I had a small used car dealership and did not pay the tax on the company. It is now 15 plus years later and they now are asking for repayment plus interest. I now live in Alberta last 12 years. Are they still able to sue […]

Help please

I own a non active Alberta Limited numbered company and bank account. If I were to file personal bankrupcy in Ontario, will I have to give up this company???

Student Loans in Collections

Hello, I would like to know, if Canadian and Ontario student loans are in collections does that still fall under having to wait for 10 years before you can file bankruptcy. I was my understanding that a collection agency pays out the company and then goes after the person owing the debt meaning it is […]

student loan garnishment?

I have old student loans from 1996. I did take some courses part-time a few years ago, which I also owe money for. Is it true that I can’t discharge student loan debts now because of this? In general I have a high amount of credit card debt, although I have made all my payments […]

after bankruptcy question

I was dicharged from bankruptcy in Sept. 2003. I have 5 accounts that are being reported as included in bankruptcy, charged off but according to my credit report, each shows activity as recently as July 2006. One even shows a balance. Should the accounts still have been showing activity after the bankruptcy? and should there […]

Reason for Bankruptcy

I may have to claim Bankruptcy soon. My question is that when I consider my full debt – 25% is from Gambling – the rest is from a Business Loss and the main reason is I just loss a 6 figure job in early May. Do I have to say the Gambling is why I […]

Bankruptcy effects on security clearance?

Hi, I have recently been discharged from bankruptcy and have found a job opportunity which I would like to apply for. Unfortunately, it says it requires “secret security clearance.” Does a bankruptcy affect the ability of someone to obtain this clearance? If so, does this mean I also could not obtain a position in the […]

Old Bankruptcy

I went backrupt 9 years ago, and my student loans are 9 years old. When the 10 year mark arrives, is there any way that I can roll my student loans into the old bankruptcy? (I heard that I can do this from someone). If so, do I do it through a trustee or a […]

Student loan after discharge

I have been discharged from bankruptcy. I know that student loans are not forgiven in a bankruptcy. When do I have to start trying to pay back my student loans??After my personal discharge?? Or after the trustee is discharged??? I have a Creditor contacting me looking for a large student loan payment, however I was […]

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