Public office and bankruptcy
Can I seek public office e.g. school trustee if I declared bankruptcy 20 years ago?
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
What’s The Difference Between a Bankruptcy Lawyer and a Licensed Insolvency Trustee?
What is the difference between a Licensed Insolvency Trustee and a Bankruptcy Lawyer?
Ex-Common Law Sharing Accomodations
Hi. My ex-common law and I are currently sharing accomodations-he needed a place to stay. During the 6 years of our separation he neglected to file his income taxes and owes CRA a considerable amount of money. He has other debts as well which have nothing what-so-ever to do with me. He now wants to […]
corporation bancruptcy
Hi Recently I took over a limited company.Company had same asets and good name so I sign agreement.3 weeks later I found out that all assets are liened and I can’t take any loans.Company situation is realy bad I’m considering a bankruptcy.In min time I;m trying to void the agreement,It is strictly fraud.But I;m responsible […]
Trustee-Client Privilege?
Can a debtor expect any “privilege”, with respect to the information they disclose to a Trustee? (Similar to lawyer-client privilege). A lot of individuals believe that because they are paying the Trustee’s fees, the Trustee is “working” for them. Please explain some of the additional obligations a trustee has not only to the debtor, but […]
Discharge timeline, surplus income and the new law
I live in Ontario. If I file before the new law comes into effect, will I still be entitled to a 9 month discharge? I thought the discretion was the trustee’s. Now it seems it may turn into 21 months of surplus income payments? Should I hurry up and file? My surplus income would mean […]
can i keep my vehicle if i go bankrupt
I am thinking of declaring bankruptcy what i need too know is if i can keep my vehicle it is my only means of getting too work the vehicle is a 1999 chevy blazer LS 4 door automatic, 4 wheel drive with 123,500 km on it
Unsecured Debt Over $100,000 and bankruptcy
If a first time individual bankrupt has unsecured debt over $100,000 does the Act still allow them to proceed by Summary Administration and get discharged by their trustee?
Separation and bankruptcy
My common-law spouse and I are separating and as a result, have had to sell our house. Since we both own the house, the equity was split between us. I am now unable to support my family and will be filing for bankruptcy. Will the creditors go after my ex’s half of the equity? Thanks.
Ontario bankruptcy or proposal
Unsure about doing a consumer proposal or a bankruptcy. My take-home pay is $2300, I am single, no kids and live with parents. I help with some bills usually about $200/month and car insurance is $150/month. My car is 1998 -worth about 4500. My debt is about $35000. I have about $4000 in an account […]