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Most Recent ‘Q&A’ Posts

help me

i’m wondering if trustees look into spending habits and where money went to prior to the bankruptcy at all. like if i had an inheritance of 10,000 in the last few months and had to spend that on house repair or something, would the trustee look at that and refuse us to be able to […]

Alternatives for Me

I lost my business, a DBA, a year ago and I have about 74,000 dollars of various debt from it. Most, 58,000, is on a credit card. I do not want to file bankruptcy and would like to know some options. I have a pension of 950.00 per month and I am able to work. […]

Fees

What are the fees in declaring Bankrupcy? Posted from: Ontario

Help!

if i have already filed my 2011 taxes in mar 2012 and i file for bankruptcy now, do they ask for that tax return to be handed over even if it may have been spent?? do trustees look at income and expenses before the bankruptcy or just during the bankruptcy?? Posted from: New Brunswick

2nd bankruptcy

My wife declared her first bankruptcy in 1987 and discharged in 1988, she declarded a second bankruptcy in 2000 and discharded in Dec of 2002. does this mean she has the second on ber credit bereau for 14 years? There was more than 6 years from the first one that should have been purged. Thank […]

Mr Kerr

How much can a lender give someone who has not been discharged in the province of Manitoba Posted from: Manitoba

Possible inheritance

I’m considering bankruptcy. Down the road I might inherit a small asset valued under $10,000 outside North America. This might happen after discharge from bankruptcy or could happen during bankruptcy. How should I approach this matter when filling out the disclosure for bankruptcy? Posted from: Alberta

Mr. Claudio

My niece is a single mother (separated) living with her mother and has not had any income in several years. She owes CRA about $170,000 from several years ago and has no other debts or any assets aside from her clothes and todler’s clothes. As she has no funds, is there any way for ther […]

Surplus Income Calculation

I will likely have to go bankrupt soon. My wife is not employed and not going bankrupt but is receiving monthly re-payments of principal only she is owed on a loan. Will this money be classified as “income” by my trustee for the purpose of determining what our surplus income is? Posted from: Ontario

how

How do you claim bankruptcy? Posted from: Yukon

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