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I’ll be declaring bankruptcy, then getting married within the year. My future wife and I will continue to live in separate provinces (I’m in Ontario) until we can both find work in the same location. How will this affect the calculation of my surplus income? Although married, I will still essentially be a household of […]
is it true that the new bankruptcy legislation is now on hold until 2007 instead of June 30, 2006 if so then any idea when in 2007 will it become effective.
Hi, my mom’s home will be put up for a power of sale soon due to her recently deceased HUSBAND’s debt (i.e. secured on a 2nd mortgage held jointly). Even after the home is sold, there is still debt left over. Should she go into bankruptcy? She has a small RRSP ($20K) inheritance sitting in […]
I am unemployed and broke. If I file bankruptcy now: 1. How much cash will I be allowed to keep ? 2. How will the “don’t pay for a year” items ($1,700) that I acquired over a year ago be treated if I don’t have those items anymore ?
I just declared bankruptcy and I have a question. I did use my card the month before my bankruptcy to pay my bills, ie: cable, phone etc.For years, I have spent 2-3 grand a month on the card and the last month was no different, I have been using my amex card for years to […]
My question is regarding the Monthly Income and Expense Statement submitted by the bankrupt on monthly non-discretionary expenses. If these non-discretionary expenses are not paid in the month (re: medical condition expenses; child support), what happens to this “extra” income? Does it go into the bankruptcy? Or is this extra money for the bankrupt to […]
Both my husband and i are currently on a Leased Vehicle together. He primarily uses it for work, however i am wondering how the lease would be effected if i filed for personal bankrupcy and not my husband? He currently is the one who pays for the leased vehicle and not me. Also, how does […]
Is there anything specific I need to do or include when filing my taxes having been released from backruptcy in Feb 06?
Is it legal for a creditor to harrass a spouse if that party has nothing to do with the other spouse’s bad short fall on trying to maintain his debts? I was told I could loose my job if these persistent calls happen at my workplace and I have no ties whatsoever to my spouses […]
How long will I be able to live in my house after I go bankrupt? Will the financial institution take possession right away or will it take a certain amount of time?
