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Most Recent ‘Q&A’ Posts

my creditors wont stop

I have been bankrupt since September 13, 2005. As of May 2006 I was still having my name supplied to 3rd party collection agencies by a creditor…I have told my creditor that I am bankrupt ten thousand times and my trustee has even written the creditor a letter….they seem oblivious. Do I have any legal […]

is Bill C-55 coming inforce at June 30th?

i Wonder when Bill C-55 will be coming in force. Also when it takes effect, are they going to give a grace period for people to file according to the old law? Thanks

child support and bankruptcy

My husband and I parted ways almost a year ago. We divided our things by ourselves and avoided the battle in court so the kids wouldn’t be stuck in the middle. He has been paying a modest amount of support since the separation. This is not a legal arrangement. We just agreed to it ourselves. […]

Consumer Proposals Rejected or Approved

This is an excellent website with very valuable information! My understanding is that information on Consumer Proposals is public information. Is it possible for an individual to see proposals that have been approved or rejected – not anyone specific but in general. I live in BC

Business VS personal Bankruptcy

My husband and I are partners in an incorporated company in Ontario. We will be disolving the company and are considering bankruptcy. The vast majority of information on the Bankruptcy Canada site is regarding personal bankruptcy. Can you recommend a site that deals mainly with corporate insolvency?

Consumer Proposal – Interest Rate Only

Is it possible to make a consumer proposal, such that only the application of a reduced interest rate on all unsecured debt is requested? This not only ensures that creditors receive their principal amount during the consumer proposal, but in a reasonable time and rate of return.

losing house if I go bankrupt

Can I still live in my house after filing personal bankruptcy? I was told that the bank is going to foreclose and I heard I can live here for a year free. Is this true? I have to allow viewing to potential buyers, but who would want to buy a house they can’t take possession […]

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