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Most Recent ‘Q&A’ Posts

Incorporated Company In Trouble – What next?

My husband and I have an incorporated company employing 4 other people. We took a risk by hiring an employee we thought would bring in additional revenue and bring the business to the next level. We knew there would be a ramp-up period for him, but it has been one year now, and we continue […]

Student loan

I filed for bankruptcy May 13, 2004, and was discharged Feb. 14th, 2005. I could not include my student loan when I filed because I had not been out of school for over 10 years. Since my discharge date, I have been out of school for over 10 years. My income for 2006 will be […]

Student Loans

During a bankruptcy is the interest held for your Student Loans for any period of time?

common law spouse question

If all my debt has nothing at all to do with my fiancee, does her income still count towards income limit after I declare bankruptcy?

My Ex owes money to the trustee, why is MY discharge being held up?

When my house was sold, my EX whose name was on the mortgage, got %50 of the proceeds of the house. There was about $4000 that I had told the trustee I had paid to her the year before. It was money I gave her so she could move out and start over; approximately $1000 […]

Second Bancruptcy still waiting discharge

I had some unfortunate events in my past and was forced to claim bankruptcy for the second time. I did this in 2001 and still haven’t been thru the discharge process. I have read that it is up to my trustee to do this, but I now live 4 hours away from him, and going […]

PCF and CIBC

I have just opened a bank account with President’s choice financial. Are they partnered up with CIBC?? As we are extreemely behind on our CIBC visa and negotiating a settlement with them. Can they withdraw funds from our PCF account – or are they totally separate entities?? The reason I asked is that we owed […]

losses of a business

I have closed my business due to substantial financial losses. In order to claim the owners contributions as losses on my personal income tax – do I have to bankrupt the company?? or can I just close it?? thanks

Creditors and separation

My husband and I recently separated (not legally yet and not sure yet). We are trying to pay off credit card debt – are are seriously behind – we have no cash flow, and no borrowing power – but lots of equity and are trying to sell off real estate to settle debt – therefore […]

House not in name

How long does a persons name have to be removed from a house deed before they can claim bankrupt? Name has been on house, not married to other name holder, not on morgage have never paid morgage payments but was on deed, thinking of claiming from old student loans from 19 years age.

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