Connecting You with Trusted Licensed Insolvency Trustees – We’re Here to Guide, Not Decide. Learn More
In a previous post a trustee answered a question regarding how to calculate your income and expenses as a family unit .This was part of the response .”Guideline a bankrupt�s family unit includes is defined as �any persons who reside in the same household and who benefit from either the expenses incurred or income earned […]
I WENT BANKRUPT IN 2003. IN YEARS 1998 TO 2000 I CONTRIBUTED TO A SPOUSAL RRSP .AT THAT TIME I HAD INCOME TAX THAT WAS IN DISPUTE AND HAD FILED OBJECTION TO. CCRA IS CLAIMING I WAS OBLIGATED TO PAY DOWN THE TAX THAT WERE UNDER OBJECTION BEFORE CONTRIBUTING TO THE SPOUSAL RRSP. IS THIS […]
My friend will soon declare Bankruptcy. They are going to cash all of their stocks in to pay me monies owed prior to filing. Can the other creditors come after me to recovery some of the money. Are there any ramifications to what my friend may do. Are there any retroactive dates involved in this.
ccra has filed incorrect information in the court. The correct information had been sent to the trustee long before the affidavit was filed. I will be representing myself in court. Is it my responsibility to file an objection or is the trustee to do as they screwed up in not providing correct info to ccra? […]
hi, this may sound crazy but what if you wanted to return to the previous bank you had when you declared bankruptcy? (they were one of the creditors involved due to a line of credit and personal loan). i inquired about this some time ago with the bank in question and was immediately forwarded to […]
I signed as guarantor of a loan for a friend. He declared bankruptcy in June 2003, and was thereby protected from his creditors. I did not. One of his creditors obtained a court order and was thereby able to garnish my wages. In that way, I paid off the entire debt by 2005. Assume that […]
Do you have to declare bankrupt in your own city? I feel embarrassed and would prefer to go a couple hours away? Is this possible?
I believe i need to file personal bankruptcy as i have been unable to work since december and my funds have almost run out. I was self-employed up to december but i handed the keys back to the landlord with stock. That is the only asset the business had, am i covered by going personally […]
My wife was recently discharged from bankruptcy by her trustee. Prior to filing she informed the Licensed Insolvency Trustee that there may be an inheritance from her mothers estate but it was very unlikely due to the amount of debt in her mothers estate (this was put in writing at the beginning of the bankuptcy). […]
Do I have to mention a property that I sold a year and six months ago?
