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I am considering either a consumer proposal or a bankruptcy. I was bankrupt 10 years ago but now debt overload has affected our family once. again. The question I am asking if we do go bankrupt or prepare a consumer proposal what happens to the home renovations that I had done through a company in […]
I filed for bankruptcy in June 2006, and my income amount has not changed. In the beginning of December I received an application to apply for 2006 Ontario supplement for working families. I sent it into the minister of finance and a couple weeks later I rec’d a reply stating that they owed me Retroactive […]
What is summary administration as mentioned in one of the blogs – I couldn’t find it when I did a search.
Our bank account is frozen by a credit card company with the same bank. Are they allowed to freeze the account completely – as our pay is direct deposited and we use this account solely for mortgage, groceries, gas, insurance and taxes. We have no other source of income – and credit cards were torn […]
We are closing a business due to financial losses – we are frequently obtaining advice from a trustee to be sure that we are following proper proceedure. Our cash flow is extreemely tight – but the liquidation of our assets will provide enough funds to pay our creditors. However – we are paying secured creditors […]
I am recently seperated from a Common Law relationship and have agreed to pay the sum $1500 per month for 5 years to my common law partner of 13 years. I am finding it tough to pay all my bills and alimony. I live in Winnipeg and my take home pay after tax is $5800 […]
I am a person on a long-term medical disability plan, called OPSP in Ontario. I received a student loan in 96. I would like to declare bankrupcy. Could I perhaps apply for a forgiveness arrangement? The medical nature of my disability could be a reason. I don’t want to simply Bankrupt if I don’t need […]
I’ve just filed for bankruptcy due to health problems, and have been waiting for my long term disability company to make payments for my time off previous to the bankruptcy. I know any income I get after I filed is subject to surplus (which it will qualify for)… but I have gone 4 months without […]
I was discharged from bankruptcy on June 15/2006. This week (6 months later December 19/2006)letter from the company who admisters my employee savings plan and my Group RSP. This letter was in response to a letter from my trustee dated April 27/2006 in which my trustees requested the liquidation of any accounts I might have […]
My partner is self-employed and as such, has a business number (sole-proprietor). He is behind on his taxes and is considering filing for bankruptcy. My question is – if he files for personal bankruptcy, are his business debts included? Are his taxes considered business or personal? He doesn’t have any but just to make the […]
