Vehicle
My wife owns 2 cars (they have been hers for several years.) I don’t drive. If I declare bankruptcy by myself will she have to surrender a vehicle?
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
utility bills
i have a cutoff notice for my lights will bankruptcy stop the cutoff if the papers are ready
discharged
I’ve been discharged for a couple of years now. I have established credit for over 15 monthes with one loan, but my mortgage broker is forseeing problems with CMHC now that I have put an offer in on a house. I have a pre-approved mortgage but apparently the chances are slim that CMHC will approve […]
How long a Judgement is Valid for
If I am out of Canada and got sued by credit card companies, what happens if I can’t appear in the court because I am not in Canada. How long a court judgement will be valid for for wage garnishment etc.
bewildered
I know of more then one person that have filed bankruptsy that really should not of. Do trustees really check into clients? How come people that usually earn above average income are allowed to go on unemployment so they dont have to pay, and find it very easy to hide income.
Revenue Canada & Pre-Proposal Taxes
I really need the correct answer to this question. I have had several different answers & need accurate info. We filed a Consumer Proposal in “2002”. Can CRA collect back Income Tax & GST (Sole Prop.business)) for “2001”. Thank You
Dealing with Old Debt
I have over $50,000.00 of unsecured debt. For to take care of my family emergency I will have to leave Canada and probably won’t be able to back to Canada for at least 10 years cause I will have to take care of my sister’s kid who is going to school in different country. Should […]
Paying Creditors before Bankruptcy or Proposal
I do not have any secured creditors, and I have 3 unsecured creditors (Canada Revenue Agency back taxes and credit cards from 2 different banks). I owe alot more on my taxes than I do to the banks, and I think I will need to file some type of bankruptcy or proposal within the next […]
How can you “provide money to the trustee” when you’re broke ?
In many of the the trustee comments on this blog it can be read about payments to the trustee which is part of the duties of the bankrupt that have to be fulfilled before he can be discharged. But one goes bankrupt because he’s broke, no money, possibly no work, all he owns is debt. […]
Use of credit cards for business
During a consumer proposal, is the use of credit cards completely prohibited ? I am a sole proprietorship and I constantly need to use cards for travelling, etc.