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Most Recent ‘Q&A’ Posts

Time between consulting & filing.

What is the maximum amount of time I have between consulting a Licensed Insolvency Trustee for the first time and deciding to file for bankruptcy?

personal problem

because of personal problem, can i go out of country during bankruptcy

Bankruptcy and RRSP.

I have about 20K in my RRSP. If I declare bankruptcy and the trustee liquidates the RRSP will tax be withheld at the standard rates? (ie. the creditors get only about 15K) If the withheld tax gets refunded in the post bankruptcy tax return due to low income will the trustee get the refund?

Consumer Proposal – Vote by Creditors

I have recently made a Consumer Proposal and after 45 days one of the creditors voted for the proposal and two voted against it. Two creditors did not vote. My understanding when I made the proposal was that if a creditor did not vote, it counted as an approval of the proposal. But now I […]

pst problems

hi i went personal bankrupt in 2004 on my business and i just found out pst has a 26000.00 lean against my house now i had to go bankrupt with them too is there anything i can do to get that lifted my husband did not go bankrupt and the bank won,t let him consolidate […]

mortgages and bankruptcy

We are a family of 6 and sold farm to get out of debt and now can’t get mortgage due to a file of personal bankruptcy at the same time. and now desperate for a home to safely raise kids in. I want to know why can’t a person be able to apply for a […]

Bailiffs removing property

Can bailiffs remove property that was purchased by my spouse? Would credit card bills showing I was not the purchaser satisfy a bailiff they cannot touch those items? I know there are exemption limits, but how does it work with a married couple (should the exemption for furniture not be doubled?).

old age and cpp

I went bankructy, can my wife Cpp and All age pension be affected by my creditors. The amount she receive is $600 in total

Moving

If your job has to relocate you before your bankruptcy is discharged is this allowed?

How to verify if someone is still bankrupt

How does someone go about verifying if someone has been released/discharged from a bankruptcy, without the obvious way of asking the person directly? The person that I am enquiring about may have been discharged in March as this was his 1st bankruptcy. Thank you

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