Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

loans and credit debt

i am returning to grad school in jan 2006. i am over 40000 in osap loan debt and 20000 in credit cards. i’m about to give up as i’m so stressed about this. i have no means of paying as i have been unemployed since april and even then, my monthly income was 1200 as […]

Exceptions to filing bankruptcy to stop the hounding?

If a person in debt has no assets or employment, how would they approached their creditors? do they need to file for bankruptcy to stop the hounding? If not, what would be their alternative. Are there legal ramifications if creditors are ignored?

One Credit Card During Bankruptcy For Emergency?

Is it somehow possible during bankruptcy to keep one credit card in case of emergency and/or to use when credit cards are a necessity (booking a flight/hotel room, for example)? Thanks.

Hiding Property

I am a creditor and the person who is claiming bankruptcy when he filed did not claim all his property. I personaly know he is hiding upwards of 10 to 15 thousand dollars, some retail items some personal items and don’t like it. He OWES ME MONEY. My question is who do I call to […]

Personal Bankruptcy Fee

If I declare personal bankruptcy in Canada is there a fee and for how long?

B/A law

Hi, where can I read B/I law regarding dower right in case of one of spouses file personal bankruptcy and the other spouse is alone on title of matremonial home. Do creditor has right on equity the matremonial property. Even bankrupt spouseis is not on title of matremonial property for 9 years.

New Exemption Limits for Ontario

Effective December 14, 2005, the Province of Ontario has amended the limits on the amounts for certain assets which are exempt from seizure by a trustee in a bankruptcy. The new values are: $5,650 worth of personal possessions (clothing, jewelry, sports equipment, etc.); $5,650 worth of motor vehicles (cars, trucks etc.); $11,300 worth of home […]

Credit Cards

Hi, I’m going to declare bankruptcy soon. I’ve been in financial trouble for a while already. I borrowed money from credit cards and line of credits to live. I’ve also bought some items with my credit card recently. I was wondering if that would be a problem when I actually go through with the bankruptcy.

Personal VS Business Bankruptcy in Canada

If I declare personal bunkruptcy, what are the liabilities of a corporation where I am 25% owner?

Do you need a trustee to file a consumer proposal?

Do I need a trustee to file a consumer proposal? Can I do it on my own?

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