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I work for a very small financial institution that has financed a huge debt consolidation (25K) for me. I feel that if they have to write off this type of loan, it would have a very negative impact on the business. Can I transfer the loan to a big bank and then declare bankruptcy? My […]
If I have surplus income only because my bi-weekly deductions for CPP &UI on my pay cheque ($140 x 2 = $280/mth) have ceased (paid up for year in Sept), is this considered surplus income subject to surplus income rules and half is now payable to the trustee each month until the deductions start anew […]
Hi my name is tanya, my situation is that i have student loans since Sept.1997 and having a hard time to repay. I was wondering if bankruptcy is possible right now as of today(Oct 17/06). Or does it have to be exactly 10 years. Is the 10 year from the last day of school or […]
I declared personal bankruptcy in August after I lost my job in July. I have applied for a job that will pay $3000 per month net. I know I will have to pay atleast $700 as surplus income. My question is given my situation that I filed for bankruptcy when I was unemployed and now […]
Over the past year and half, we have about $24000 debt. My wife is dying of cancer and we have a 13 year old daughter. I don’t have any family that can help us out. My credit is poor, in fact my telephone is cut off and I would imagine the utilities will be next. […]
What if I have debt and I have to leave Canada for indefinite period ? Will that affect my citizenship status ? Can I be sent to jail ?
We live in Ontario, my brother is only 20 years old and he has managed to get himself approximatly 15,000 dollars in credit card debt. I was under the impression that filing bankruptcy was a process undergone that doesnt require any payments, however an R9 on your credit report for 7 years. Is this not […]
I have approximately 18,000 in personal RRSP’s and am contemplating personal bankruptcy in Canada. How will this affect my RRSP’s?
The other day I went to see a local trustee just for an initial consultation about my situation and consider bankruptcy in Canada. He advised me that until I decide to “pull the trigger” on the whole thing, that everything we talked about would be kept in confidence. I have just now looked at a […]
I was charged with a drinking and driving and was on my parent’s car insurance. The car insurance company covered the damages but now are sueing me for approximately $20,000.00 damages. Can this be included if I declare bankruptcy in Canada?
