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Most Recent ‘Q&A’ Posts

Truck Driver, owing revenue canada

I’m an owner/operator, that owns an incorporated company, over the last 4yr, I have ran into some big money problems and now I owe Revenue Canada about 40,000. So my question is this; can my taxes be wiped away and I still keep my truck and business, which is my only job, I need to […]

BANK ACCOUNT HISTORY

Will my trustee verify my bank account history or he will verify it only from the moment I file for bankruptcy? or will he verify it at all. Posted from: Ontario

student loans opposition

Statistically speaking, how many times do the government oppose a discharge after the 7 year mark? I know you might not be able to give me an exact number as I can’t find anything online, but any indication would be a help. Posted from: Ontario

Secondary Cardholder

Hello, My wife has 25000 dollars in credit card debts and she wants to file bankruptcy. I am currently a secondary cardholder and my name does not appear on bills or statements and I didn`t have to sign any agreements not even my SIN number. Are supplementary card holders liable for the the primary card […]

CRA review during undischarged bankruptcy

Hi there I recently received a CRA review to verify my current marital status. (child tax credit department). I am currently in a undischarged bankruptcy. They would like me to verify from 2009-present and include all supporting documents. I would like to know if the CRA is in fact barred from requesting any verification prior […]

Credit card debt

I have Canadian credit card debt but moved to the U.S. nine years ago. I have no CDN income, assests, or investments. I declared chapter 7 in the U.S. two years ago and was told by my lawyer that I was discharged from all credit card debt. I’m being harassed by collections agencies in Canada. […]

not completing the bankruptcy procedure

me and my partner were living in Alberta and my partner had declared bankruptcy,before it was complete we had moved back to Ontario and due to increased finical strain we were unable to complete the last two months of the required payments,now in a situation that we can take care of this we contacted the […]

Car and Bankruptcy

I am weighing my options between credit proposal and bankruptcy. The place I have worked at for the last 6+ years coninues to hit me with short layoffs and the common law wife is presently unable to work, due to that and yes a few finacial bad choices our bills are piling up and we […]

Proposal

We started bankruptcy procedures and discovered with our steady income now we’d be better off doing a proposal. But our trustee said they would calculate the whole amount to pay not partial I ask you Why? Also the trustee’s fee is 20% is that right? Or reasonable? Posted from: Alberta

lean on an apartment

If the creditors put a lean on my apartment before i apply for bankruptcy, what will be happen to the lean if there were no equity on my apartment after bankruptcy? Posted from: British Columbia

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