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I owe my family a large amount of money, when I get the money from the sale of a home in a divorce settlement and I pay my family back I will not have enough money to clear off all my other debts and would be forced to declare bankruptcy. I am unable to work […]
My Husband and I filed for a consumer proposal under the advice of a trustee. Our debts were personal and debts from a failed business (which was the direct cause of our insolvency) We have just paid our first payment and we feel that perhaps we should have gone the bankruptcy route …could we have […]
My partner who has just moved in with me is declaring bankruptcy. Will creditors come after me? Do I somehow loose assets or money because of this?
I have received a statement of claim on a bank loan. I am planning on filing for bankruptcy as soon as I have enough money to move out of my house, which is awaiting a mortgage sale (I lost 50% of my income with a job loss). Will I still be able to include this […]
I went through bankruptcy only after a split in my relationship with my spouse and I was left to try to pay all the bills. I kept an a1 credit rating but knew that I could not afford my debt. A year after my split I met someone and during my relationship it was when […]
I would like to know specifically what things I can do to rebuild my credit. Not sure whether it’s actually 6 or 7 years that a bankruptcy stays on your record but either way, it’s a very long time to sit and wait for your life to start again. Instead of sitting around and waiting, […]
I live in New Brunswick and get paid by a company that is in the province of Quebec. I am paid salary plus overtime. The overtime is based on the hourly equivilent of my salary. I usually end up owing income tax each spring because my company doesn’t take out enough tax from my overtime […]
Does a first time bankrupt always get an automatic discharge after 9 months? What if that individual had more then $40K in equity in their home and makes a significant salary? Could their discharge be affected?
I am planning bankruptcy. Can they take my wife’s tax refund if I am the only person declaring bankruptcy? Her refund is large (10,000) and she wishes to buy more RRSP’s
Could you share some insight as to what is required for a monthly expense budget statement that must go to the trustee every month from the bankrupt. I was told every penny spent must be accounted for and reciepts as well. Does that mean for example if a person buys a lunch from McDonalds he […]
