Connecting You with Trusted Licensed Insolvency Trustees – We’re Here to Guide, Not Decide. Learn More
I filed bankruptcy in 1999 for one outstanding judgment. I did not pay the trustee fees in full and in 2004 the Trustee obtained a discharge. I contacted my only debtor and made a proposal to settle. They accepted and shortly thereafter, I have rec’d a notice of satisfaction that was filed with the court […]
Can a spouse declare bankruptcy or do a proposal without it affecting the other spouse?
I’ve run in to some financial difficulties in the past and I’m considering filing a consumer proposal. My question is will this affect my ability to hold certain jobs. I am currently enrolled in an Accounting program and would be interested in pursuing a career in the financial industry. If there is in fact restrictions, […]
My fiance is about to declare personal bankruptcy. Is he responsible for the GST and Employer source dedcutions that haven’t been paid through the company he was 50% owner of or can these be included in his bankruptcy? The business also obtained a government loan which he personally guaranteed and a second charge was put […]
My husband and i are separated. We rent, so therefore do not own a home. The credit card debt is in his name, approx. $40,000.00 as he was out of work for over 4 years. I have a credit card in my name only and owe about $1800., i have also co-signed a loan with […]
If you file a consumer proposal vs bankruptcy and you complete the proposal. When you are ask the question have you filed bankruptcy in the past seven years would you answer yes or no.A lot of credit application ask this question.They keep on saying to avoid bankruptcy file a proposal,but is a proposal considered the […]
My question is that i was discharged from my bankruptcy, now my trustee noticed that she forgot to claim my van, but the thing is my husband cosigned for the loan and the van is registered in my name. Now she wants me to stop making payments on the loan and have the van evaluated […]
If only one spouse declares bankruptcy, debts and Mortgage are in his name. How will this effect the possessions (furnishings) of the other spouse? As a bankrupt is only allowed $10,000 in furnishings. Also if there is Equity in the home how is this determined will the spouse loose her equity in the home?
One of my creditors is suing me in a court of law for debt recovery. If a judgement is handed down before my bankruptcy takes effect, will the bankruptcy release the indebtedness? Or will I still be liable for the full amount owed?
If a person received a refund from Rev. Canada for retroactive Child Tax Benefits (while in bankruptcy) that were accured pre-brankruptcy are they obligated to report that amount to their current Licensed Insolvency Trustee? If so, are they then obligated to pay that amount, or a portion thereof, to their creditors? Is it deemed as […]
