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Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

Bankruptcy Question

I am considering personal bankruptcy and I was wondering if my inheritance would be exempt from the bankruptcy procedure. Also, I have a car that is worth more than $10,000.00. What would happen to it if I declare personal bankruptcy?

discharge and wage garnishment

If I file bankruptcy and don’t get a discharge at normal time i.e it gets delayed as some creditors oppose it, would this mean that the creditors can continue to go after me to garnish the wages until I get a discharge.

Co-owned house bankruptcy

I am co-owner of a house with my ex boyfriend. We have been separated for over 3 years. I am considering bankruptcy and I wonder how this would affect him since both of our names are on the house. I currently live in the house. The morgage payments are made by my ex as child […]

autos

my wife and my self are planning to file personal bankruptcy in ontario soon,we both have a car valued about a thousand dollars each with no amount owed,would we both be able to retain are cars as we need them to get to work

Some info please…

I am in a same sex spousal relationship, and because of heavy debts, am considering bankruptcy. The house we live in has always been in her name, as she is the one who has paid for it. It is the same with most of the household things. How will claiming bankruptcy affect her? Can a […]

Bankruptcy in 2003

Filed bankruptcy in 2003 – do not have certificate yet reason still owe them money. First of all the people were not really up front with me (long story). Now I make alot less money what am I to do?? I did not pay excess because of dispute. What should I do because I need […]

RRSP withholding tax

I borrowed a large amount from my friends and relatives to pay the medical expense for the father and the funeral expenses, I’m a pensioner and have only 400 each month, now I need to withdraw my RRSP savings 50,000 to pay the debts and the credit cards, I got the info from the bank […]

What do I do ? What can I do ?

I am drowning in debts, I tried to get out but I can’t. I work full time, pay rent and currently drive over 1 hr. to work. I have a car which I make payments on, but the loan is co signed by my grandmother, I do not want to wreck her credit rateing and […]

Bankruptcy then Proposal

Is it possible to start a bankruptcy and then part way through cancel and do a proposal. I ask because of home equity. My trustee is willing to use Property Assessement Value, but as per a previous post I am scared that a creditor would say that houses are selling for much higher than the […]

Referral Please

I am attempting to find out about retroactively having student loans discharged in a Consumer Proposal. I have spoken with the trustee who handled the Proposal and they said I need to contact a lawyer. I have called several to no avail. What exactly should I be asking or do you have a lawyer you […]

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