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Most Recent ‘Q&A’ Posts

Selling my house after being discharged

I declared bankruptcy in January 2006 and was discharged in October 2006. My personal residence survived the bankruptcy. How soon after recieving a absolute discharge, can I sell my property? Would the trustee still have any vested intered in the proceeds of the sale? This Bankruptcy was in Ontario.

CCRA – Tax Debt

I owe CCRA a sum of money from 1998 taxes. I am unemployed, legally separated and have just got into a new relationship. My boyfriend has offered to give me 50% of the amount to settle with CCRA. Most of the amount is interest but CCRA doesn’t seem to want to discuss reducing the interest. […]

CCRA Re:Assessment

If you have been discharged from bankruptcy and CCRA was not a creditor – than after discharge you are audited – certain deductions refused and re:assesed and now owe CCRA – would this become part of the bankruptcy even though at the time they were not a creditor? No fraud allegation involved.

tax returns

i filed for bankruptcy June 2006, my trustee did the pre tax jan to june, then they have just completed the june to dec06 POST tax. My question is , my bankruptcy ends March 8th 2007. I have completed both my required counselling sessions and my last payment is Feb 28, 2007. When it comes […]

judgement

prairie grain advance payments act, in 1993 a loan against crop was undertaken, subsequently could not repay, ceased farming in 1994. family matters were such that machinery was left in care of remaining family who were to buy machinery,and or repay. legal action on behalf of cwb resulted in a judgement being awarded in 1996 […]

Income Tax and Bankruptcy

I went bankrupt in May of 2003. I am still bankrupt in 2007. I am self-employed. I understand that there will be an income tax return filed from January-May 2003 (presumably by the trustee). I understand that a further return is filed from June to December, 2003 (optionlly by the trustee). What happens to the […]

applying for credit cards

hi, i have been discharged from bankruptcy 18 months. I have a secured credit card for a year now and have used it responsibly. I also have been on time time with all my utility bills and mortgage payments. Just wondering if I have any chance at all at applying for another credit card or […]

questions

I am wanting to go through bankruptcy and would like to know how about getting all the information that I need about the companies that I owe money too. I also want to know if their are any other alternatives … although I believe that I may have burned too many bridges to go an […]

Co-Signer

I co-signed on a loan made by my husband. We have since separated and he declared bankruptcy. This particular creditor is harrassing me with phone calls. I am living in a rent geared to income seniors apt. I told this creditor that and they are asking me to fax them copies of my income. I […]

Annuities and Bankruptcy

My question is, if you have a structured settlement in the form of an annunity and you have to claim bankruptcy, will creditors liquidate the annuity to pay off debts, before liquidating house, car, etc.? Also, if this can be done, and there is money left over from the annuity, will I be entitled to […]

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