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My initial meeting with a trustee answered many of my questions. She advised me that it was pointless in going bankrupt,negotiating a consumer proposal or contacting a credit counselling service .She told me that I was creditor proof . I think bankruptcy can be very lucrative for a trustee .There are numerous ads in the […]
How do you find out if someone has gone bankrupt 10 years ago?
My husband and I have separated. Our debts are as follows: In my name alone (business and personal): $20,300 My business loans w/husband as co-signor: $21,600 Husband’s name alone: $12,772 Joint debts: $9594 Mortgage: $52,427 (house valued at $75,000) I would like to know if it would be best for us to consider bankruptcy (if […]
Can I lease a vehicle if I am bankrupt ?
Is there a list of company bankruptcy available somewhere?! Can you find whether a company has gone bankrupt by checking the CANLII site?
We’ve been told what the calculation is to determine how much a month we will be required to pay our trustee in bankrupcy. (50% of our surplus plus $160 to the trustee). What happens when we don’t have surplus in a given month, do we just pay the $160 or is the negative surplus applied […]
Is it possible to leave Canada while the bankruptcy is in progress? After handing over all my non-exempt assets to the trustee (I do not recieve any income in Canada) can I leave? What else needs to be done for the next nine months?
My girfriend and I broke up a few years ago .We didn’t live together but we were engaged for a number of years. My credit wasn’t great so she gave me a couple of supplemental cards .When we broke up the balance was no more than 50 dollars on the 2 cards.I cut up the […]
I was laid off a year ago.My only support is from my family.I have no income at the moment .They told me if I can pay back the monies I could .If I couldn’t that was ok .I want to declare bankruptcy soon. My family would never let me claim this loan in bankruptcy with […]
When an RRSP is assigned over to a trustee in a proposal what happens to the withholding tax when it is cashed by the trustee? Are there taxes withheld when the trustee cashes the RRSP or does the withholding tax become part of the debt and the trustee gets the full amount.
