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Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

partial payment

I received a ten year sentence to pay creditors, live on pension and find it impossible to buy anything other than an existence. I got a ten year sentence and will be 76 before I can get credit again. What happens if I only pay part of the required payment? As long as I am […]

Second bankruptcy-court

I filed for bankruptcy when I was single about 12 years ago due to student loans and being unable to make payments based on low paying jobs. Last year my husband and I filed for bankruptcy and he has already been discharged as it was his first time. Apparently I have to go before a […]

Bankruptcy and credit insurance

I have credit card debt and am currently unemployed. I have difficulty keeping up with the payments and I will be declaring bankruptcy if I don’t get a job soon. Part of the credit card debt is covered by credit insurance which pays the minimum payment every month directly to the credit card company. I’am […]

Is a bankrupt’s debt validated?

Can a bankrupt inflate the value of his debt to friends and family? Who validates the claim that he owes 20,000 dollars to his father-in-law as compensation for breaking his favourite chair? I suspect that a person who owes me money is doing this. He has filed bankruptcy stating that his total debt is over […]

NOT DISCHARGED

I read the post and the reply (April 4). If the trustee is discharged and the bankrupt remains bankrupt, then how do the creditors “attack” the bankrupt. I thought no one could go after you if you are already bankrupt. Could you please explain how a creditor can attack you?

I have knowledge of bankrupt’s assets. Do I get a reward?

I can provide documentary proof that a person who has declared bankruptcy in Canada owns real estate in the U.K valued at over 1 million dollars and has not handed this over to the trustee. Will I get a reward if I provide this information and will I remain anonymous? Whom do I contact ? […]

income tax refund

I was discharged from bankruptcy in Jan. 2006. in Ontario I understand that my pre and post income tax refunds were kept for the year 2005. When I file my income tax for 2006 will I be able to keep this refund?

Deadbeat dad claiming bankruptcy on arrears

I have this loser ex that is thousands of dollars in arrears for child support, I received a notice in the mail stating that he has filed for bankruptcy and is claiming all the money he has in arrears as part of it. Can he do that?

Collection agency

I think i m going file bankruptcy and i dont wanna my employer know about this i am paying minumum payment hardly now once i file they will contact with u guys ? or they will try to contact me or employer during process of bankruptcy 9 months?

Retroactive Child Tax Credit lump sum

I am going to file a Proposal in the next 3 weeks (then proceed to bankruptcy if unsuccessful). Two questions: 1) My wife may not have to file since the tax debt is mine. How will the retroactive CTC lump-sum payment to her (perhaps in the range of $7,000) be treated if I have to […]

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