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Most Recent ‘Q&A’ Posts

Banked time

One of our clients is an employer who has an employee who is currently an undischarged bankrupt. This employee has worked extra time and is entitled to additional pay. This would be surplus income to the bankrupt person. The employee has suggested to his employer that this additional income be banked, to be paid after […]

Court Judgement during Bankruptcy

I filed for bankruptcy in June 2006. In Feb. 2007 I received notice of a Court Judgement from an old landlord. I did not know about this during the initial list of my creditors. Can this still be included?

Soon to be a US Resident

I have recently hit a financial bottom here in Canada and have considered and consulted bankruptcy in Canada My situation is that now I reside in the US and it makes me wonder, if Canadian Banks will even bother with collection or garnishments here in the US. I have managed to clear all my bills […]

settlement payment

If i’m receiving a settlement from my exhusband and i go bankrupt will i loose my payments each month.

Separation and Student Loans

A couple were married. A couple both worked until the wife decided that she did not want to continue in the line of work that she was doing, so she went to school. Student loan/loans were obtained. Couple separates after wife obtains job (thanks to new career training). Husband is now being sued for the […]

my credit report after bankruptcy

Hi I filed for bankruptcy ,January 2001,I was discharged Oct 2001. I sent a copy of my discharge letter to Equifax right after ,I did not pay alot of attention to my credit report for a few years after . I got a copy of my report around 2004 it was full of odd information […]

selling my home

our home is in both mine and my girlfriends name and we want to sell it in may. i am currently in bankruptcy but my girlfriend is not. my trustee has an interest on the land tiitle. i will be discharged on may 9/07. what effect will this have on selling our home? will the […]

ABIL

Am I able to file for an allowable business investment loss (ABIL) that occurred in 2005. This is the same year that I went bankrupt. The investment loss was in March of 2005 and the bankruptcy was on Dec. 31, 2005 and discharged in Oct 2006.

Tenant situation when landlord declares bankruptcy

I live in a 6 unit apartment complex the owner of which is filing for bankruptcy. Will I be forced to vacate the apartment? What happens to the last month rent paid to the owner? Do tenant protection laws apply? I live in Guelph , Ontario.

Company Pension in a bankruptcy

My husband and I are considering a Division 1 proposal and/or bankruptcy. We have $120,000 in joint debt, plus a home equity loan for $86,000. I understand that we may be able to keep our house if we can get money from someone to pay any equity in our home, which might be $30,000 less […]

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