Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

Credit cards

If a senior decides not to declare bankruptcy but goes with not paying his credit cards since he can’t pay anymore and the only possession he has is his car, if he dies, will his wife be responsible for paying the credit cards and will they take the car away? Posted from: Ontario

Do I really need to claim bankruptcy

My debts are in Ontario but I have recently moved to British Colombia. If I work in BC and have a bank account can anyone in Ontario have access to my BC bank accounts? Posted from: Ontario

bankruptcy fees

what do you do if you can’t afford the bankruptcy fees from the trustee? I made only 14,000$ last year. 1,800$ as a fee to even start the process of declaring bankruptcy would be impossible for me. Is there any other options? Posted from: British Columbia

Rental Property

Me and my husband have our home and on paper we own his parents house as a rental property, although they pay the mortgage and the taxes, we put no money towards the house it is theirs but on paper it is ours. If we were to go bankrupt would they lose their house? Or […]

What happenes if I inferit money during bankruptcy?

What happens if I inherit money during bankruptcy? Do I just hand it all over to be distributed to my creditors? Posted from: British Columbia

source deductions/payroll

Can source deductions/payroll owed to the CRA be placed under bankruptcy protection? Posted from: Ontario

Joint debt

If my spouse declares bankruptcy and we have joint loans together, do I have to declare bankruptcy to? Posted from: Alberta

RRSP

I am considering bankruptcy. We are going thru a divorce and under the court order my spouse will transfer half of her RRSP money directly to my RRSP account. How will this affect this if I decide to file for bankruptcy? Will I lose this to my creditors? Posted from: British Columbia

Bankruptcy from outside Canada

I got to the point while living in Canada that meant I was bankrupt, ie NO money, my business had failed and I had exhausted all my resources and am in debt so I left Canada. Can I still file for bankruptcy in Canada? Posted from: Ontario

mr.

A person under bankruptcy win a large amount of money in a lottery, whats happen to the money? Can the person collect the money, pay is debts and keep the rest? Posted from: Ontario

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