Bill C-281
Has this bill been passed yet.
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
Obtaining a mortgage after having declared bankruptcy
I have just declared bankruptcy and, because of the amount of secured debt, have taken the option to let my home go in the process. I will now have to look for alternative accommodations and was wondering if the obtaining of a new mortgage may still be an option. If so, are there any suggestions […]
How does bankruptcy effect my car lease
I am a senior. If I were to declare bankruptcy (which amounts solely to large credit card debt,) how would the bancruptcy affect my car lease on my new car I leased this past May?
Family Maintenance
How does filing for bankruptcy affect Family Maintenance arrears amounts?
Evaluating Household Furnishings
If I file bankruptcy, how will my household contents be evaluated for exemption? I own a lot of furnishings that have been passed down from my parents and even some from my grandparents. I have refurbished them and use them, but don’t think they’re considered antiques. I read somewhere that assessing them at what they […]
What about my bank accounts?
If I file for personal bankruptcywhat happens to my bank account. I would assume saving accounts are forfieted. Are there limits as to how much a trustee must leave in chequing accounts to cover outstanding cheques and pending responsibilities like rent, insurance payments, utilities, food, etc?
Lump Payment
I used a couple of my credit cards to start up my own business but things didn’t exactly work out and I am not in debt by about 50K. The trustee that I contact has suggested that the simplest thing is just declaring bankruptcy since I have no assests. They suggested the other possibility would […]
Cash advances before bankruptcy
I have no job. I have been paying for my rent and groceries and stuff out of a line of credit which now is almost $20000 in the hole. I have other lines of credit and credit cards with balances of $0 that I can dig into if I wish (total credit limits for these […]
Claiming my own bankruptcy
If my spouse has already claimed bankruptcy, would I still be able to claim my own bankruptcy? Can I claim my student loan in bankruptcy and keep a good standing credit card to redeem my credit score?
Leased Vehicle and Bankruptcy
I have looked through so many blogs and bankruptcy sites in the last few days and have seen nothing with regards to leased vehicles. I have to claim bankruptcy as I am so far into debt that I will never come out of it but I lease a vehicle and it is not due to […]