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Most Recent ‘Q&A’ Posts

joint bank account

I might have to go bankrupt. One of my bank accounts is joint with relative (3 years now)there is also an overdraft- which will be paid off. Will bankruptcy force me to close bank account or perhaps just take away overdraft. Will my other bank accounts be closed as well, if I declare bankruptcy? Thanks

bonded

after bankruptcy is it possible to get bonded for a job. if not was is your advice on what to do to fix this situation.

Bankruptcy fees in Ontario

My husband had to file bankrupt. The fees are extra to any assets in the trust account. ie… income tax return, etc… I thought that, they received the income tax return and took their fees from the proceeds of that return. The leftover goes to the creditors. The trustee advised that the income tax return […]

student loan and consumer proposal

I have no student loans now. I need to file a proposal soon. But, I am going back to school and will be getting the loan before the proposal is made. What are the implications?

Car lease

My husband and I separated early last year. We have not yet come to terms over our separation agreement therefore the separation of our debts have not been settled. My husband declared bankruptcy last month leaving me responsible on joint debts of close to $40,000. I have already seen a trustee and although I was […]

Bankrupt twice in one lifetime??

Just wondering, if a person is forced to consider bankruptcy for a second time in life – how does the Bankrupt Trustee know it is the second time? I understand after 9 months the first time, you are cleared – discharged. However, apparently after the second time it is not like that? Is it really […]

Secured vehicles

I have two vehicles secured in my name one mine and the other I co-signed for, but, he makes his own payments. If i went with a consumer proposal to pay all my other debts, would this affect the two vehicles. We have only been making payments on them for several months

can we keep our house if we file consumer proposal

my common law husband and i are considering a consumer proposal due to our financial problems. before we begin this i have just a couple of questions…..was wondering if anyone can answer these. will we have the chance of losing our home if we do this? How can we be sure that we don’t? we […]

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