what happens with the government and you after absolute?
Can you tell me whether your file is closed with the government since all your unsecured debts have been eliminated? I was told that you no longer have anything to do with the government.
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
Cost
How much does it cost iin Saskatchewan to file for bankruptcy and can you pay these fees monthly to the organization you file with.
Inheriting while going through bankruptcy
What happens if I am in the middle of a bankruptcy and I inherit money. Is the inherited money exempt from the proceedings. Also, if the bankruptcy proceedings are over, can the courts come after me if I inherit money?
After Absolute
Once you have received your absolute can you sell anything. I am in the process of considering selling my home.
How Long Will I be Bankrupt For?
how long will i be a bankrupt for? and what happens if you do not recieve a discharge?
Rebuilding credit
What’s the best way to rebuild your credit after bankruptcy aside from getting a secured credit card?? Is being a second card holder of another (with good credit rating) going to help me?? Does credit bureaus also reports for the second account holders??
What should I be asking?
I need to chose a trustee to file for bankruptcy. What questions should I be asking potential trustees to determine which one would be the best for me?
Cost of bankruptcy
I am considering claiming bankruptcy. I am approximately in 10,000.00 credit card debt. What are the costs of claiming bankruptcy?
Student Loans: Are they discharged in a bankruptcy in Canada?
Prior to 1997, student loans were treated in the same manner as other debts; they were discharged if the debtor filed an assignment in bankrutpcy. In September 1997 the Bankruptcy & Insolvency Act was amended so that student loans were only discharged in a bankruptcy if they were more than two years old. In 1998 […]
2nd Bankruptcy
My sister is 63 years old and just got laid off from her job. She went bankrupt in 1990. She now owes $45,000 to Canada Revenue and $30,000 to credit card debt. Given that she will be on UIC until she finds another job which may be difficult at her age, would a second bankruptcy […]