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Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

21 month discharge

This is my first bankruptcy and i’ve been paying $200 a month. Having had excess income i went from 9 months too 21 months. I’m now at the end of my 21 months and i’ve been told that i owe $2500 because i had excess income in that period. It doesn’t show that i’ve failed […]

bankrupcy history

is there a statute of limitations for someone who filed bancrupcy years ago Posted from: Ontario

Complicated surplus income calculation

I have come to the end of my 36 month (2nd time) bankruptcy. My wife is self-employed and we have been claiming her monthly draw on surplus income with the understanding that her dividends would be added at this point. The only problem is that the trustee is adding the whole dividend onto the surplus […]

Surplus income/ 2013

What is the single person amount a person is allowed to earn in 2013 before surplus income is calculated? Posted from: Manitoba

bankrupcy

how do you report bankrupcy fraud Posted from: Saskatchewan

What debt goes away?

Due to a company wide audit, I have aquired quite a large amount of tax debt. That included with my current credit card debt is too much for me to pay. If I file for bankruptcy does all the debt get eliminated? Posted from: Ontario

Bankruptcy

Hi, I’m currently in bankruptcy and was suppose to be discharged in May 2012 but due to financial hardships I’m still in bankruptcy and can’t make a payment by the end of this month so they told me they are taking my to court. What should I do and what documents should I gather? What […]

Car

I am considering filing for bankruptcy after I was forced to close my business due to medical issues. I have a company that has a lien on my car. Do I have to pay the lien in order to keep my car or what happens to my car? I have less than $5000 in equity […]

Confused

I am confused….a number of times I have seen in this Q&A where in the answer the potential bankrupt person has the option to pay the Trustee an amount to keep an asset (eg the cash out portion of an RESP). How is that possible when the creditors get the assets including all available cash […]

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