Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

too poor to file

i have been told i am too poor to file for bankruptcy. i haven’t had a steady job in over 5 years and have been on ontario works for almost 2 full years. my debts are getting worse, creditor keep calling and i will not have a place to live soon because i have fallen […]

Wife added To Bankruptcy

Must I include my wife in a personal bankruptcy? What happens if I have really NO money to even file for bankruptcy..I hear that there is a monthly charge. We can hardly eat as it is. Like I am stuck Posted from: Quebec

Death of a bankrupt

What happens if a person dies during bankruptcy proceedings (i.e. before they are discharged)? Posted from: Ontario

bankruptcy

My boat sank and clean up will wipe me out financially. Will i be able to go bankrupt and clear that debit Posted from: British Columbia

Spouse Inheritance

What happens if I declare bankruptcy and my common-law spouse receives an inheritance? Does my common-law spouse have to hand that money over to the trustee? Posted from: Ontario

Can I claim bankrupt

If a person owes revenue canada 250,000.00 and most of it is penalties and late charegs and you own nothing can you claim bankrupcy? Posted from: Ontario

bank account and bankruptcy

If i file for bankruptcy,can i keep my bank account.I have cheques going through the account evry month for schools and other payments.Will I be able to deposit my paycheque.My account is overdrawn , but i always deposit a paycheque every week.Need help Posted from: Quebec

pensions

is cpp and old age pension subject to bankruptcy if the persons income is below poverty line Posted from: Ontario

Support Arrears

My ex and I are about to sign a separation agreement where it states he has to pay me an arrears payment. If he files for bankruptcy prior to signing it does it affect me? or if he signs it after he files does it affect me? Posted from: Ontario

Julie

Thinking we may need to file bankruptcy, just trying to understand surplus payments, is your monthly expenses considered and deducted before figuring out surplus? Like mortgage payment if able to keep home. Posted from: Nova Scotia

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