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I am going ot be filing for bankruptcy and I understand the system of surplus income, but I can’t seem to find a chart of site that shows how the bankruptcy payment is determined if your household income is below the allowable level. For example, as a family of 5, we are allowed to earn […]
I filed for a consumer proposal February 6, 2001. I have recieved a certificate of Full Performance (form 49.3) on November 12, 2003. What does that mean? Am I discharged? On my credit bureau’s it continues to show that I have filed for bankruptcy rather than showing a consumer proposal was filed. Why is that? […]
If personal bankruptcy is declared by someone who is self-employed, would wages be garnished should that person then become gainfully employed?
I got informed on most of the things that I needed, about bancruptcy in Quebec, but I cannot find an answer as to what is the value of a car that may be exempt. I may need to pay to the trustee, but I need to know my information, before I actually go and speak […]
I am considering starting a small business run from my home and have been okayed at the bank for financing. My husband is worried that if the business doesn’t go well, that we will lose everything we have. I am confident that it will do well (childcare). If I was unable to make a go […]
If you realize that you cannot ever get out of your current financial difficulties by continuing to pay the minimum amount. Each month you pay the minimum it gets harder and harder to keep up and you are slowly beginning to fall behind ….when should you declare bankrutcy? Should you wait until you are 3-4 […]
I owe RC @2000-3000 dollars. They sent a letter of garanchee to a bank I never used in my life. I was afraid to send my taxes as I was scared they would immidiatly start to garanchee my wage, I did however, send the taxes off and am just waiting for the phone call.if i […]
If you are making a consumer propsal how far back is disposal of property a concern?
I was leasing a vehicle during bankruptcy and the lease is to end in about 6 months. Will I be able to re-lease from that same company? (GMAC) Or will a credit check be done? This is the second vehicle lease from this company and I have never missed a payment (Pre- authorized payments monthly)I […]
In regards to the previous question ( all of the belongings in the home are not the property of the bankrupt person) .It seems to me that it would be unconstitutional to seize these assets not owned by the bankrupt person . Would sharing expenses be considered as benefiting from any contribution the bankrupt person […]
