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Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

How does applying to rent an apartment affect me after discharge?

I was discharged last April and I plan to rent an apartment in May 2007. I don’t want to have a co-signer and I have been taking steps to repair my history: fixed inaccurate credit reports with all three credit bureau’s, I have an RRSP, and I have two secure credit cards. Are there any […]

Example Consumer Proposal Payment Plan

Could you give an example as to cost breakdown or payment plan, re the Consumer Proposal and alternatives please. Subject is 67; still working, plans to continue as long as able; earns $14.50/hr full time, plus is receiving CPP and OAC. Total debt is $55,000,is barely squeaking by with minimum payments; is credit cards (paying […]

First time discharge

Hello, I have claimed a bankruptcy 1 year ago but I haven’t been discharged yet. I claimed my bankruptcy in Quebec. This is my first time bankruptcy and I know that the first time when you claim it, you will get an automatical discharge. This is what I also was told when I went for […]

bankrupcy and moving overseas

i would like to know what happens if we declear bankruptcy and then move out of canada right a way. will i be affected on my citizenship? and how when i need to renew my passport in canada embassy overseas. I get in trouble with canadian officials (embassy) overseas because i am bankrupt in Canada.

new bank account – old creditor

Just wondering if you opened a new account with a bank that was a creditor in a past bankruptcy could they take my money? Thanks.

Credfitor’s Question

A debtor of mine has made a consumer proposal. Is there anything I must do in order to be paid by his trustee?

Bankruptcy

If I have caused the problem with money in my family, is my husband responsible, or can I declare bankruptcy on my own. He has never used any of my credit cards, and has only given permission for one card It just got out of hand, and I never realized how far I was in […]

Sale of House after discharge

Is is possible or legal for a trustee to place a lien of some sort without advising the bankrupt of this action? When I initially filed for bankruptcy, the trustee sent out letter to the mrtgage holders of 2 properties that I owned. The trustee indicated that they had no interest in the properties and […]

Personal Bankruptcy and Having your own Business

If you file personal bankruptcy, how does that affect having your own Corporation? Can you be an owner or director of a Corporation if you file personal bankruptcy? If not, is this just during your bankruptcy until discharge or for a certain period of time?

getting a mortgage

is there any way to get a mortgage before the usual 2 years after being discharged from a bankruptcy at a reasonable rate? NB Canada

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