Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

Child Tax Credit lump sum

I have just received a lump sum, back payment from Child Tax Credit. Will I be required to give it all to the trustee? How will this affect my “surplus income” calculation? Posted from: Alberta

late paymnt to bnkruptcy

What happends if I am late on a payment by one month when in bankruptcy Posted from: Ontario

Ex common law husband claiming bankruptcy

My ex common law husband left me and our 8 month old son a few months ago. We own our condo jointly and also have a joint line of credit. If he claims bankruptcy as he is considering, how does that affect me?…as far as the mortgage, line of credit and child support? Posted from: […]

Mortgage

If my parents are filing for bankruptcy in BC and I took over their mortgage in May 2011, can the house be taken away from me? My parents are still living in that house but I am making mortgage payments and the house is in my name only. Posted from: British Columbia

Ex Common-Law

Good morning I have a question. If my ex declares bankruptcy and we seperated a year ago will I be affected. We never got married, never had a house together, my name was never on his loans or credit cards, we used to have a joint checking account but it has been closed. Posted from: […]

Were we misled?

Both my husband and I declared bankruptcy in January. We were told at our initial bankruptcy meeting that they would look at our income and expenses as a family of 5. Today I find out that they are not only looking at us as a family but are also seperating us. As a family we […]

Retro Child Tax Credit received while bankrupt.

If I receive a retro payment for Child Tax Credit for two years before filing bankruptcy does this need to be declared as income for the present year? Posted from: Alberta

Spousal income

If I am a family of 4 and only one of us goes bankrupt. My spouse makes about 5000.00 more than the $ 3400.00 / month in the household. Does my bankruptcy effect his income? Since I am the bankrupt person does he have to pay 50% of his income to the trustee or is […]

Reside in Canada DEclare Bankruptcy on American Debt

I would like to repatriate to Canada after living in California for 28 years. Can I declare Bankruptcy, on American debt, if I live in Canada? Posted from: British Columbia

Owing to Family

I am thinking of filing bankruptcy. I owe my parents 18 000, do I include that in my bankruptcy? When I’ve met with previous trustees I only disclosed consumer debt but would it make sense to include them as well or is it pointless cause it’s family….would it make any difference? Posted from: Ontario

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