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Most Recent ‘Q&A’ Posts

What if I can’t pay my surplus income?

Hi there, I was just advised that my bankruptcy period has been extended from 9 months to 21 months because I had a surplus income which I understand. However, the numbers were calculated against the superintendent’s figure of $1926 a month which I told my trustee was an unreasonable figure considering I’m living in Vancouver […]

Car title

I am currently using a car belonging to a friend but it is in my name for insurance reasons. I am planning on filing for bankruptcy and will be transferring the car and title back to my friend do I have to claim this vehicle when I file or is it okay to do the […]

Stephanie

I am recently divorced with an 8yr old and a 16 yr old. We are renting a home to share costs with a friend and I am wondering how much monthly I am able to make in bankruptcybefore I have a surplus. Posted from: Ontario

Husband

If my wife files for bankruptcy how will it affect my mortgage since both of our names are on it? Posted from: British Columbia

Trustee

Can you have a Trustee from a different city. For example, if you live in Kelwona (or a much smaller community) can you get a Trustee from Vancouver? For confidentiality and conflict of interest. Thank you. Posted from: British Columbia

can i keep my cottage?

Hi, I have a house with a mortgage appx $1000 and a cottage with a mortgage of appx $300. If I go bankrupt will I be able to keep my cottage as I can afford a low mortgage of $300 and I need it as a place to live. I lost my gov’t job. Posted […]

truck

will i loss my van or truck if i go bamkrupcy Posted from: Ontario

Permanent Resident

I sponsored my American wife and children and they became permanent residents in March. The lengthy process really drained our finances and we’re contemplating bankruptcy. I’m just wondering how this could or would affect their permanent residency status, if at all. Thank you. Posted from: British Columbia

disability pension lump sum payment

I have just filled for personal bankrupcy , I have just received confirmation that I will be receiving back pay in a lump sum for disabilty pension for the last previous year ,will I be abel to keep any portion of this money? Posted from: British Columbia

CRA ARREARS

I have 40,000K owing to CRA I only have monthly payments coming in from an annuity and a LIF ( Which I have already taken the 50% from) no other income no other assets – and am retired CRA does not wish to accept my payment of $400 a month ( total income monthly is […]

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