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Most Recent ‘Q&A’ Posts

Sorry for this long question

When we were married my now ex-wife and I got a line of credit. I signed for the credit line, she co-signed as she had little or no credit history and thought this would be a good way to build one. When we amicably divorced we had accumulated some debt. Because my ex had no […]

Owed back taxes

I had owed taxes for the year ending 2005 but i had filed a consumer proposal in 2006, listing my 2005 income tax payable as one of the liabilities that i would like to have eliminated…i was under the understanding that i didn’t have to pay any taxes for that year…however, i had recently received […]

Cash Advances

I have read that as a bankrupt you are held accountable for transactions such as cash advances particulary in last 3 months prior to filing bankruptcy. My question is that I have been robbing Peter to pay Paul for sometime and if I can show that the advances made were used to pay other creditors […]

Home question

If you co own a home (two names on title) and fiel for personal bankruptcy can you retain the house?

Advice please

I am incorporated, my spouse is my employee. I have just discovered that my spouse has incurred huge debts (not joint). Money I thought was put to savings/pay down debt has disappeared. My work is contract, sometimes many months between contracts, I cannot realistically continue to employ my spouse at the same salary and cannot […]

Trustee is opposing discharge

Due to an ongoing illness I have fallen behind on certain duties I was supposed to perform, and now my discharge is being opposed by the trustee. If I am able to catch up on these duties prior to a hearing, is the trustee likely to rescind his opposition?

Leased Car

I have a leased car, i only have 5 mths left on my term, if I go bankrupt will I lose the car, my husband & I both need it to go to work.

Property owned solely by non-bankrupt spouse

What course of action, if any, can unsecured creditors pursue, with regard to the matrimonial home, where one insolvent spouse has no title and has not contributed to the purchase of the property owned solely by the other non-bankrupt spouse and was purchased 2 years before marriage and three years prior to spouse filing a […]

Bankruptcy Announcement

my bankruptcy is going have assets over $10,000 and i was told that it would have to be advertised in the local newspapers legal section. I live in a small town and if i were to move to a nearby town (same province) and then file, would they use my new address or would the […]

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