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For surplus income you stated anything over the allowed amount ie. 1755 (single) is surplus and you would pay the trustee (50% of $1,000) and (75% over $1,000)…if it was stated at the beginning of the bankruptcy by the trustee that I would have to pay for 21 months would I just have to pay […]
my sister lent me money from their credit line to buy a car—I still owe them six thousand dollars on the car– we had an understanding that if I could not pay for the car they would take it and sell it-or have the first right to it . My question is – What paperwork […]
After being discharged, we were told by our trustee to wait 2 months before we submit for our credit reports with Equifax & TransCanada. I submitted the paperwork by mail approx. 2 months ago and I still haven’t received anything. Any suggestions what to do? I am a bit worried because of the confidential information […]
I separated from my husband almost 2 years ago. There is an interim order of spousal and child support. He is in arrears for approximately $30,000.00 for support payments and I have filed with Maintenance Enforcement in Sask. He has since moved to Alberta and has filed for bankruptcy? Will the arrears of support be […]
Does the Income Surplus take into account a person’s expenses? For example, let’s say that I make almost double what is allowed for a single person in take-home pay, however, my mortgage payment including taxes is about that same amount. Obviously my expenses are going to exceed the monthly limit. Does this mean I have […]
Can a trustee request a re-assesment (assesment took place at date of bankruptcy)of your house prior to discharge? If there has been an increase in the asset value from the time of declaring bankruptcy, would I be forced to sell the house and hand over the proceeds to my trustee?
I recently was accepted for a CPP disability pension. They gave me a cheque for 20,000 dating back to Sept. 2004 with future monthly payments of 1032. My private Long Term Disability payments will now be reduced by the appropriate monthly amount of 1032 dollars (from 1400/month to 368 per month). I now owe the […]
I filed a consumer proposal in November 2005 which was accepted by my creditors through my trustee on December 12, 2005. At the time my 2005 taxes were not completed and were not entered into the consumer proposal although I had mentioned that I would owe taxes in 2005 to the company who were looking […]
We are 9 months into our second bankruptcy and I am a little perplexed that our trustee doesnt want monthly income statements or tracking statements of our expenses. When we filed she said it wasnt required, but now I am thinking after reading some posts she might be wrong. I really dont want to have […]
i was wondring what’s the difference between a forced bankruptcy and a voluntary one. i was under the impression that the only way to go banruptcy is to declare yourself. now in case of a forced bankruptcy who is going to pay the costs of the bankruptcy, the creditor or the debtor? i have been […]
