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How is the household income calculated for the purposes of bankruptcy or proposal in the case of a separation – if the separation is just recent and not formalized yet. would they consider our income as if we were still together?? are there calculations for this ie 3 children, 1 away at college, other 2 […]
My son is unemployed, has no assets (lives with us) and owes $20,000 to Canada Rev Agency and $5000 to an ex-employer. If he files bankruptcy will the tax debt disappear forever? Or will they recover from his future tax refunds or credits? Can they still garnishee wages and take funds out of his bank […]
Start Fresh Today Smooths Out the Hurdles in the American Bankruptcy Process. In many ways, bankruptcy in the United States is similar to bankruptcy in Canada. However, the American legal system sets up hurdles that can make the bankruptcy process more difficult, more time consuming, and more expensive than it was just two years ago. […]
I filed for bankruptcy and met all of the requirements 17 months ago via BDO Dunwoody, yet there is still a delay in getting my file signed off by the Courts Registrar. What action can I take to escalate this matter to get it resolved? I have sent a fax to the court Registrar with […]
How long is a Trustee required to retain copies of documents filed for a personal bankruptcy in Canada?
On another site, the trustee said a bankrupt’s non-insolvent spouse can refuse to have his/her income taken into account for the purpose of surplus income calculations, however, the trustees on this site give the impression that they cannot. Which is correct and legal and what are the implications? If there is a dependent child, would […]
For unsecured debt at 115,000, 5 major creditors, no missed payments, plus ccra owing 15,000 , struggle with gambling for one year, what is the “maximum” time one could be kept in bankruptcy for? (I have calculated that surplus payment will likely be 1000 per month – for how long?) Or should I make a […]
I will be filing for bankruptcy. I am a single mother of two and have my children enrolled in some extra curricular activites which I pay for. Will I have to stop them from these activites if I file for bankruptcy. If their grandparents agree to continue to pay for these activites for them does […]
In 2003 we filed a consumer proposal and paid on it until 2005 at which time we were unable to get our mortgage renewed so we had to declare bankruptcy (we tried to sell the house but couldn’t). we have already gone to court and my discharge was three months or until i paid the […]
My mother has run up her visa, (which is in my fathers name), by a sustantial amount. My sister the excutor of the estate is worried now that when my mother passes on she will be responsible for that money.My sister has already filed for bankruptcy once and is on the verg again. She cannnot […]
