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I am a young adult living at home with parents. I have credit cards that are basically being cancelled against my will due to non-payment, because I lost my job unexpectantly. The job was working for a friends company with great pay, but it was all off-paper. I obviously have ruined my credit, I have […]
If I am considering bankruptcy, what do I need to do to avoid losing my inheritance from my grandfather, who passed away last year? The estate trustee has said she would do whatever will serve me best, as long as it is legal, and within the realm of her authority as trustee. Is there a […]
i have been off of work for a little over a year now due to personal issues and i have collection agencies calling non-stop.i have not made any payments since i have last worked.i don’t have any valuable posessions or a vechile,i owe aproxx between 10-15k.is bankruptcy a good option?
I have non exempt assets specifically RRSP’s of $12,000 and no other assets. In B.C is it true if the assets are over $10,000 then it has to be in the legal section of the local newspaper. Is it $12,000 minus the taxes which would then make it below $10,000. (p.s these funds are in […]
I claimed bankruptcy 2 weeks ago, and as a result opened up a new bank account at a different banking institution for my paycheque and payments to go through. Because I wasn’t sure if my pay would be deposited in my new account in time, I made arrangements with the 2 companies that had cheques, […]
How often can someone go bankrupt? I have a cousin who is going bankrupt for the second time in less than 10 years, and it’s mostly five years worth of income taxes, GST, and alimony and child support. Can the tax-paying and familially-responsible members of this society hope that he will not be allowed to […]
The debtot did not report EI monies ($13,000 cheques cashed ). did not report the purchase of two (2) VEHICLES PURCHASE for daughters ($12,000 cash)9 months before filing for bankruptcy. Six (6) months after declairing bankuptcy purchased $2,500 in furanture (cash). Year and a half (1.5 years) after declaring has over $5,000 in bank accounts […]
Hi. My sister is currently planning to file for bankruptcy due to credit card debt. Her intent is to max out the remaining limit on her cards before she files. I know nothing about these issues, but that sounds like a really bad idea to me. Does anyone know what additional consequences, if any, she […]
I opened a restaurant 6 months ago. It is not showing a profit yet. I am the sole person in the corporation. If I declare personal bankruptcy will they go after the business and if so what will happen to my restaurant? Can they make me sell the business?
If someone claims PERSONAL bankruptcy and is the sole owner/operator of a LTD company what effect does that have on the company…can it remain solvent??
