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Most Recent ‘Q&A’ Posts

Creditor Opposing Discharge

One creditor called a creditor’s meeting…was told there were no grounds for opposing the discharge but the recommendation was to seek legal counsel. At the discharge hearing, this same creditor was given the opportunity once again to seek legal counsel and hearing was adjourned to following month. Does anyone understand why this happened? Even my […]

bank account and collection agency

hi yesterday i went to get my paycheck out of my bank account and it was all gone at first they told me at the bank that it was to cover my overdraft but then they said no that it was a collection agentcy that took the money out for a debt that they said […]

C-55 RRSP Exemption

I’m looking for the latest news in regards to the implementation of Bill C-55 (RRSP Exemption)in Ontario. It was scheduled for June 30, 2006.

Tax Question

We filed our second bankruptcy in August 2005 and have received our discharge date of December 20th 2006. When we file our taxes for 2006 who gets the refund if there is one us or the trustee? Also who files the return?

GST Rebates

What happens to my GST rebates when I am in bankruptcy? I just filed my taxes for 2002-2005 and have received all of the refund; however, I am still waiting to receive retro GST rebates from those years. If I receive the rebate(s) in the year of my bankruptcy, will I have to surrender the […]

How to get discharged from bankruptcy?

I live in Toronto and would like to know if a person claims personal bankruptcy, how can they go about finding out if they can get discharged, and if so, is their a formal process to apply for a bankruptcydischarge? Who does one see? Thanks so much D.

Personal Bankruptcy

If I declare bankruptcy, can my student loan or my RRSP’S be taken from me?

Closing of a business and proposal votes

We are closing our business. With a proposal to creditors – can we be included in the vote – as the company we are closing is incorporated – and we are owed money by the company. We also own another company – that is also owed money by this company. At a proposal – will […]

business bankruptcy and trustees retainer

We are trying to negotiate with creditors so as not to declare business bankruptcy. Another reason is that the trustee requires $5000. up front as a retainer. Ironically – we can’t afford to declare bankruptcy. However – if we are not successful as negotiating with creditors – and they petition us into bankruptcy – who […]

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