Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

Bankruptcy in Canada while living in the USA

How will bankruptcy in Canada affect my situation in the USA with credit etc…?

Activating credit card

I received a credit card just before I declared bankruptcy. I did not activate this card. I now have my absolute discharge. Can I now activate this card?

What’s the difference between a Division 1 proposal and a consumer proposal

Hi, I would like to file a consumer proposal, but my debts are higher than the limit. Could you explain what the main differences between a division 1 proposal and a consumer proposal?

Due to accumulated finacial problems personal bankruptcy appears to be the only answer. However, the bankruptcy fees are out of my grasp. There is no possible way of coming up with the 2 to 3 thousand dollars required.Is there any solution to this? Other than family or freinds which I have neither of.

Student Loans

I am 2 payments away from finishing a Consumer Proposal. Included were my student loans. My question is: My last loans were for the 1995-1996 school year. I was a student from 1996-98 but had no loans. If the law right now says that they are discharged after 10 years, will they be discharged with […]

House title

If my parents decide to put one of their homes in my name even though I have declared bancruptcy in the last 4-5 years,I have been discharged can the creditors or anyone else come after me for money.

Bankruptcy Discharge

I live in Ontario, I just Rec’d my bankruptcy discharge papers. Question is can the creditors or the trustees ask for any money to pay to either after you received you discharge?

Credit card use… 3 months or 3 statements?

Hi… this is probably one of those hard to answer questions but… I’ve read in several posts that when you declare bankruptcy, you’re credit card use for the last 3 months is looked at for any ‘bad faith’ activity… and that it can go up to a year or more if fraud is suspected… what […]

Use of credit cards before declaring bankruptcy

Could you explain exactly what would happen if a person used his cards a week or 2 prior to declaring bankruptcy? I figure it would be considered fraud. When and how does a person repay monies that the creditor would consider fraud, would it extend his bankruptcy? Or would he then be held responsible for […]

does bankruptcy affect income taxes owed?

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