vehicles
Can someone going through bankruptcy procedures keep both a family van and a motorbike, if together they are not worth $5000?
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
Credit after bankruptcy
I went bankrupt in 2002, and everything that was included in the bankruptcy has come off my credit bureau report. However the bankruptcy will remain on for another 2 years. When I filed, my income was basically nothing but it has increased to the point where I want to purchase an acreage or some land. […]
secured credit card
I have recently obtained a secured credit card with a $200 limit, will I lose this if I should claim bankruptcy?
Question
can I Go bankrupt If I have a considerable amount of money in uk.
Trust Claims
My husband has several claims against him from about 9 years ago. They are for unpaid goods or services stemming from a construction job that he was doing. Although the job was done by his company, he was made responsible for the amounts as a director/officer of the company. Do these claims (court orders) survive […]
Allowable family income in bankruptcy
What do the bankruptcy guidelines allow for income for a family of four, and what percentage above that do they take?
wage cut during bankruptcy
Hi, I am not sure if I want to go on bankrupt or not. I owe over $100, 000 on lines and credit cards and unable to pay my bills any longer. I take home about $2800 a month after cuts. I am single and live in ontario. No family and kids. If I go […]
Vehicle in bankruptcy
I live in Ontario. If I file for bankruptcy in Ontario and own a vehicle that is worth more than the limit, it is my understanding that I can pay the difference between its value and the limit. I also understand that if I cannot pay the difference I must forfiet the vehicle. Two questions: […]
high income
can you file bankruptcy on approximately $40,000.00 debt with an income of in excess of $100,000?
Owning property in another prov/terr
I would like to know if a person living in Alberta can declare bankruptcy even though they may own property in the Territory. What happens if this person did not declare this property in their bankruptcy claim?