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Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

Dead Beat Dad Part 2

My ex husband… (content deleted by the Blog manager) ….answer from anyone.

Shared home and bankruptcy

My wife and I share a home with her parents. All four of us purchased the house 10 years ago. All of our names are listed on the deed to the house and on the mortgage. The house has recently been valued at $275,000 with $121,000 still owing on the mortgage. Due to lack of […]

Consumer Proposal then Bankruptcy

My spouse and I are currently mid-way through a Consumer Proposal. We are considering paying it off when we get our tax refund this year. My question is how long I must wait after paying off the Proposal before filing bankruptcy. I am thinking of filing a bankruptcy without my spouse as I have two […]

Can a creditor come after my spouse for my debt?

I am a stay-at-home mom with no income and my spouse supports me fully. I have a debt with GMAC for over mileage on a lease vehicle which I returned in November. They are looking for their money but I have no income. My question is that since my husband supports me, can they go […]

Income Tax Refund

If you filed for Bankruptcy in 2006 and receive an income tax refund for the 2005 tax year, do you turn it over to the trustee or is it yours to keep?

can i keep my car and my husbands car?

My husband is going to be claiming bankruptcy, but I am not. We live out of town and need our vechicles to get to and from work. We don’t work close to each other, I’m in one town and his work is about 100km in the opposite direction, so sharing a car just wouldn’t work. […]

Is it worth going bankrupt?

I am half way through a debt management plan with a Credit Counselling service. I have approx $9,000 outstanding which at the current payments will be be paid in 25 months. I am paying 100% of the outstanding debts, without any further interest being applied. Would bankruptcy/proposal be of any benefit to me with regards […]

Income Tax post Bankcuptcy

I was discharged from bankruptcy last April. I have just submitted my own tax return for 2005. I have made a claim for disability transferred from a dependant (my child) If my tax credit is back dated to 1989 will I lose this money which in fact belongs to my son? On My Account it […]

Bankruptcy & Retroactive Disability Pension Payment

I am planning on declaring bankruptcy within the next week or so. I haven’t been able to work for the past 4 years due to health reasons. I applied for CPP disability benefits in July 2005 while in the midst of divorce. I was initially declined and have applied for a reconsideration because the decision […]

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