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Most Recent ‘Q&A’ Posts

governing body for trustees

Who is the governing body for trustees?.. I’m sure that there are good and bad trustees , like professionals in any other industry. Is there a way to check if they have had negative feed back from creditors or debtors?… If you thought that the trustee was not being above board or fair, who could […]

Student Loan and Bankruptcy

I was discharged from bankruptcy in January of 2001. I still owe 8000 on my provincial student loan and 8000 on the guaranteed portion of the federal loan. I finished university in April 1999. Both loans are in collections and I am not covering much over the interest. What exactly are the rules with having […]

after 7 years

If it is past the seven year mark and your bankruptcy is off of your credit, when a bank asks if you have ever been bankrupt, do you have to say yes? Aren’t they only allowed to ask “have you been bankrupt in the last seven years?”

Can’t Pay Surplus Payments

Good afternoon. Any information you can provide is greatly appreicated. I filed bankruptcy a few months ago and my surplus payment was $347.50. I told the trustee at the time that there was no feasible way I could pay that amount. I was told that the amount was the amount and that was it. My […]

consumer proposal situation

I have made a consumer proposal two years ago for approx. $12000. Here is the unique situation: All of my creditors have NOT filed a claim with my accountant in Manitoba. They have been informed to file 4 – 5 times already by my accountant. There is money waiting to be distributed but no one […]

Lawsuit in Progress

Hello I am currently in Litigation with a creditor who claims that I owe them a large sum money. I have been defending it because I believe I do not owe them. If I were to file for bankruptcy before the court date , would they need to be listed as a creditor since the […]

Sole Proprietorship, Source Arrears and personal bankruptcy

2 yrs ago assessed at $100 000.00 source arrears ($10 000.00 penalties incl.). Over approx. 1 year I paid it down to $65000.00. I also owe aboout $10000.00 GST. This was a sole proprietorship in my name. I have not operated this business for one year because it was losing money. The last year I […]

Payments

Hello, Are the payments one makes on a consumer proposal reported to the credit bureau by our trustees? (as a sign we are keeping to the arrangement) thanks, you have a great site here!

Various Discharge Judgements

I notice on your site different situations whereas some people receive different requirements to pay for different periods of time? Some as long as 10 years repayment period? What is this based on? Does the Bankruptcy Registar not have “sentence guidelines” to follow? Is there a place one can go to that would present previous […]

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