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Most Recent ‘Q&A’ Posts

POST Bankruptcy income tax return

I read somewhere, that Trustee’s are no longer required to file your POST bankruptcy income tax return (the one at the end of your bankruptcy year) If your trustee is one who still does this return, are you able to opt to do this yourself. I would like to be able to so I may […]

Obtaining your finiacial services licence

I have been discharged from bankruptcy for less than a year now. I want to obtain my license to be a financial services agent. Does my previous bankruptcy prevent me from obtaining the necessary license? Thanks you

Severence Pay and Bankruptcy

I lost my job and now have no income except for my severence package will I lose this money that I need to live on if I file for bankruptcy or is there some kind of account that I can put it in that is unseizable?

buying a second home after bankruptcy

how difficult will it be to be financed on a second mortgage after being discharged from bankrupty? I currently own a home but my family is outgrowing it. we are looking @ upgrading to a larger home and has been discharged for 6 mos. now. I’ve started to rebuild my credit (although – not much […]

Question

Does it cost money to file Bankruptcy.

Getting credit back after bankruptcy

I recently claimed bankruptcy and I am now discharged, can you tell me what the best way is to begin a new life with credit is and also how do creditors look at someone who has previously claimed bankruptcy? Thank you.

lent money to a friend

I lent money to an xboyfriend so that he could take a family trip with me. He has since declared bankruptcy however he did not include me as a creditor. Can I still pursue him for payment legally?

waiting for discharge

This is my second personal bankruptcy. I filed in August 2001. The trustee accepted that I “had satisfied all my obligations under the bankruptcy” back in Sep 2004. He claims he has applied for my discharge and all I can do is wait. It’s been 8 months. How long does this take? It was much […]

joint ownership of a home

I have purchased a home with a very good firend and we have joint title. She is now having to file a consumer proposal due to her financial problems. She does have an excellent and very secure job so there would be no question of her not being able to pay out her consumer proposal […]

Bankruptcy & Pensions

I am 65 years old and am living on my pensions. They are Ontario Govt. pension of $510/mon, a CPP of $595/ mon, OAS pension of $442/mon, and WSIB Life disability pension of $240/mon. net. Of these $100/mon. is withheld for Inc. Tax from the Ont. Govt. pension and the WSIB is not taxed. I […]

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