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Will the bankruptcy timetable (usually 9 months) be extended indefinitely if monies are owed to Revenue Canada for back taxes and GST? I understood that Revenue Canada will never forgive or write off monies owing?
is there a minimum amount to be owed before you can declare personal bankruptcy in Canada? can your debt be under 10 thousand?
My father has an unsecured line of credit to a bank with a balance of $50M and he is physically unable to pay down the loan. He used the line to pay off my debts. Sadly, I’m afraid that he’s not going to survive too long. So, I want to clarify few things. If he […]
Are the ‘don’t pay for a year’ purchases considered current debts?
My wife owner of a property and she was only person on title , purchased 1997. On all my applications that I get credit cards I indicated that I did not own property . My first question is: Can bankruptcy creditor claim 50% of equity of my wife property based dower rigth (as matrmonial home)when […]
Due to business failure, I may end up becoming personally bankrupt. If I presently accept a position that requires me to be bonded could a bankruptcy be an issue down the road?
I am in a situation that may require me to declare bankruptcy .This site is invaluable and many of my questions were answered by posts in the blog. Are there any support groups or chat lines that a previous bankrupt person may help others.Describe what one could expect during the process based on their experience […]
In 1998 my wife and I obtained an absolute discharge. Since then we established our credit and the bankruptcy has been purged from our credit record. We applied for a mortgage at a Bank. They approved it subject to the approval of CHMC/GENWORTH, the only two companies in Canada who insure residential morgages. Genworth declined […]
Due to the holidays,is there a date to file for bankruptcy in Canada in December,to be sure of acceptance?
I personaly owe revenue canada from the years 1998 and 1999. I filed for bankruptcy in Sept.2005 my wife and I live in a home that she bought in 1992 six years priour to my tax debt to REVENUE CANADA. The home my wife owns is soley in her name and has always been in […]
