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Hi, I filed a consumer proposal 2 1/2 years ago. I did include ALL my assests and creditors in my Proposal. However, after I filed, I decided to cash in a $1500 GIC. Is this considered fraud under the BIA?? It certainly was not my intent to commit any type of fraud as I needed […]
Can one revoke their consent to bankruptcy filing within 48 hours of a decision to proceed? This is standard under Ontario consumer law. Is there a minimum time that must pass before the trustee files?
I was in a debt management plan and fell off track in November 2004 because there were more creditors to be added to the program and it wasn’t possible at the time. It is now September 2006, I want to do a consumer proposal for $25000 worth of debt and am asking for debt relief […]
In bankruptcy, how much equity is considered equity in a home in Ontario?
I have a limited company which I’m considering filing for bankruptcy, but making the final decision, I would like to know the pros and cons with this move, espeically the consequences, thx
Hi, I’m working full time, my work doesn’t offer me disability insurance, I contacted a private financial institution to purchase a disability insurance policy here in Ontario but I was told that I couldn’t until discharged from it. Would you please explain why this is the case? I much appreciate it. R.
If some file bankruptcy then what will happen to RRSP (locked or unlocked)?
I wish I could tell you how much but all the papers are at the accountant. We met him last week and said that Rev Quebec insists on having 20,000.00 up front or they will take measure (which they have already, Huissier banging on our door and my family is very scared of what can […]
September 21 2006 I am disputing an amount owing to MSP before December 31 2003 the date of my bankruptcy discharge. I did not receive a bill from MSP disclosing any amount previous to 2006, and they did have my address. Because MSP is a government collections agency can they ignore the Bankruptcy discharge? The […]
My ex got a line of credit guaranteed by my father for 100K. He’s maxed it all and is now bankrupt. What can my father do to get his money back? Does he become a creditor to my ex? Can the bank go after him?
