Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

Bankrupcty

I have a house under my name and paying the mortgage.When we signed the legal paper work lawyer said I cannot sell my house with my wife’s consent,If I declare bankruptcy, will that effect her.Is she responsible for 50% of debt since she is filing separation. Posted from: Alberta

is it true

is it true when you file for bankruptcy you loose your home in ontario..even if you have no equity in your home… Posted from: Ontario

Meanna

If one spouse files bankruptcy and the other spouse is not in bankruptcy can the spouse who isn’t in bankruptcy start a business and chequeing account of they’re own Posted from: Saskatchewan

Unreported income

What if someone is going thru a bankruptcy and makes cash on the side, and doesn’t report it? Is there a penalty for that? or can the bankruptcy person check bank accounts and spending habits? Posted from: Saskatchewan

Questions

If I declare bankruptcy will I still get an income tax return? Will I still get my “baby bonus” Posted from: Ontario

An x wife who was forced to do this from a husband who wanted to claim banruptcy

If you file a consuer proposal how is that reported to the credit bureau, is it reported as a R7 or R9 ? Posted from: Ontario

D D

I went bankrupt in 1999 but was never discharged Trustee fees not paid in full, I now am in financial difficulty from having my own business and looking to go bankrupt for the 2nd time. How does this work? I have never been discharged from the 1st one. Posted from: British Columbia

kh

I claimed bankruptcy 30 years ago. If I were to claim again in 2012. would this still be considered a second bankruptcy? Posted from: British Columbia

Co-Signed Student Credit Line

I do not have a Government Student Loan, but I do have a Student Credit Line through my bank which was cosigned with my father. Is there anything I can do to take over the debt and declare bankruptcy without forcing my father to pay the remaining $20,000+ on my loan afterwards? Posted from: New […]

surplus income

what is the minimum amount that is considered “surplus” income, ex being home of one parent one child home income of 15,000 yr Posted from: Ontario

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