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What happens to bank accounts and wages, money to live on, during the period while one is awaiting the creditors answers to a consumer proposal? Once a proposal is submitted, does one stop making the minimum payments? At what point should I consider opening a new bank account to pay my utilites and living expenses?
My sister is looking at claiming personal bankruptcy and whats know the following: Besides having 2 jobs she has a business that she is running on the side. When you meet with a trustee does this business need to be mentioned? Would this need to be shut down?
I claimed bankruptcy August 25, 2006. My Mother died January 19, 2007. The will named me as one of the beneficiaries in her estate. I am aware from your site that I will need to tell my trustee, and that my name will be replaced on the will with the name of the trustee, and […]
If you live in British Columbia, can you file for bankruptcy in Nova Scotia. If you can, what benefits would this mean?
I was wondering if student loans can be retroactively dischaged in a Consumer Proposal or if it is only allowable for a Bankruptcy. I filed a Consumer Proposal in which my student loans were included, but when I filed, they were 1 year shy of being 10 years old…now I have a $30,000 debt to […]
Hi, I have just been served my discharge papers. I have an ATV mini bike that was included into the bankruptcy. There was never a lean on it and my trustee overlooked it. Now, after my discharge they are telling me that they need to take it and sell it. Is this legal or can […]
My wife and I recently filed for bankruptcy. About two months later we filed for a legal separation. In the bankruptcy we filed on our only vehicle. I agreed in the separation agreement to pay for the bankruptcy and share the vehicle. She has since decided to not allow me to use the vehicle. It […]
Is it mandatory in Canada to inform a new/potential employer that a person has declared personal bankruptcy?
During my initial meeting with my trustees assistant, I had taken in my Property Assessment and my mortgage papers. I was told that I would likely need a letter of opinion from a real estate agent as to the market value of the home. My mortgage owing is 75000 and my assessment was 87000. Today […]
What is the minimum length of time one can hold a credit card before including it in a bankcruptcy.
