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Most Recent ‘Q&A’ Posts

student loans and bankruptcy

Me and my wife graduated from University in 1999. We have gone through interest relief. We have also both received debt reduction of $10,000 each. I owe around $40,000 and my wife owes the same.(total around $80,000) I work and she stays home with our 4 kids. I currently make $40,000/year and cannot afford to […]

Proposals & Sale of House

We are more than half way through completing a Proposal. If we sell our house now, cicumstances change, we default & are forced into Bankruptcy, can they come after the money we received for the house?

Will I lose my house in the bankruptcy

My wife and I bought a house 3 years ago with the minmum down payment so there’s not much equity in the property. If we file for bankruptcy, will we be able to keep the house. Thank you YB New Brunswick

After a proposal has been accepted.

What happens after a proposal has been accepted but your financial situation/obligations change? (say you lose a job, have to pay higher rent, run into other problems, etc)? Thank you.

Effect of Bankruptcy on domestic helper

My cousin is working as a live-in care giver but her employer declared bankruptcy, we’re just wondering if this bankruptcy will affect her employment with them, are they still allowed to pay salaries and make payroll remittances for their caregiver?

Child Tax Benefits and Bankruptcy

My husband and I both declared personal bankruptcy and are to be discharged in September 2005. We are going to receive back-payment of Child Tax Benefits dating back to 1998 (we were unaware that we had never applied). It is quite a bit of money and will receive it about 10 days prior to discharge. […]

corporation bankruptcy

My husband has a Limited company. If the company goes bankrupt can or will our assets such as our home, RSP’s, vehicle etc. be confiscated or garnished?

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