Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

consumer debt proposal or bankrupcy

I have not been able to pay a few things for about 5yrs now. Im in collection on all of them. I want to pay them but when i try to talk to them they wanted their money like last month. One made me feel like an inch tall @ feel really bad that i […]

seasonal self-employed

how do you calculate seasonal self employed payments as i need to put money away for winter months Posted from: Ontario

louise

I went bankrupt 4 months ago and since then my husband died.I received a death benefit from him around 60000 and my debts totaled 25000.Can I cancel my bankruptcy and payoff creditors myself? Thanks Posted from: Ontario

no taxable income

i received EI benefits , group pension non taxable LTD GROUP PENSION I DID NOT HAVE TO PAY EI BACK. WHY THEN IS THE BANKRUPTCY INCLUDING THIS AS INCOME IN SECTION 68 A OF BANKRUPTCTY INSOLVENCY ACT INCLUDES THINGS LIKE WORKERS COMP, DAMAGES,PAY EQUITY,AN ACT OF LEGISLATION OR PARLIAMENT-ALLOF WHICH ARE TAXABLE I WAS TOLD […]

bankruptcy

I have co-signed a car loan for my son as he had bad credit. He has since gone down and in over his head with debt. He has a stable job but not able to keep up with all his payments. He now is considering bankruptcy and I am afraid that I will end up […]

Tax returns for a bankrupt person

I heard that a trustee files two tax returns for an undischarged bankrupt, one when the bankruptcy takes place and the other at the end of the year the bankruptcy is finished. Is this correct? Depending on the timing, could the discharge after nine months of bankruptcy for a first time bankrupt be delayed, waiting […]

unsure

I work. I have alot of debt. Car payment credit cards and student loan. Im finding it really hard to make my payments. If i claim bankruptcy does my child tax get taken? or my car? Posted from: British Columbia

cosigner on mortgage

I am thinking about filing for bankruptcy but have one question. I have a mortgage that my father has cosigned with me. How does bankruptcy affect him and can I keep my house. Posted from: Ontario

Daughter

If my father passed away owing lots of money, would his children/wife be responsible for outstanding debts? Posted from: Ontario

Renter

The owner of the building in which I have a store has declared bankruptcy. I have the second mortgage holder telling me I have to move my business out in one and a half months. Does this person have the right to tell me this or should this directive come from the trustee? Posted from: […]

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