Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

To pay ..or not to pay

I have an appointment with a Trustee next week in order to file a Consumer Proposal. I have bills which must be paid prior to my proposal being filed and I was wondering if I should pay them or not? If I don’t, should I contact my creditors to advise them I will be filing […]

Is there life after bankruptcy?

If I declare bankruptcy will I ever be able to own a home or a vehicle in the future?

Inheritance from three months ago

I inhereted $5,000 three months ago and gave it to my daugther for her wedding. Most of that money is gone. If I claim bankruptcy, will I have to pay that $5,000 to the trustee? Thanks so much.

Free at last I think!

I have finished my bankruptcy, my discharge certificate is on the way to me. What do I do now? I have car payments that reports my payments to the bureau every few months, I plan on getting a secured visa card. I have nothing to my name. I don’t know if I can find a […]

Guaranteed Investment Certificates

Hello – Are you allowed to keep any cash on hand when you file for bankruptcy. I am thinking about claiming bankruptcy and I have 3 thousand dollars in GICs. I was saving this money for my daughters wedding. Can I gift her that money before I go into bankrupcy. If not, can I spend […]

Will bankrupcty stop collectors from suing?

I have recently had a child and have not been able to work so my husband has been the sole provider, but he came down with a serious illiness and has not been able to work for a few months and is just now going back to work part time. Since we had no savings […]

costs

I recently met with a trustee in Vancouver who told me the price of declaring personal bankruptcy. I was told it was a set price. My depleting monthly income was not taken in to consideration. Do i meet with another firm to see if the price is different or is there a set minimum amount […]

senior

I am a senior who just can not pay my bills. have no investments I do have a car .I need the carto get around and to try an find work to just keep a roof over my head. Is this possible or will I louse my car to.

Business

While you are in personal bankruptcy or after you have filed for bankruptcy, can you become director for a canadian company?

Secured credit card

What exactly is a secured credit card? Can one obtain one during a bankruptcy or proposal or is that not advised?

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