Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

My husband owns a company

Hi, My husband owns a company and he`s thinking about declaring bankruptcy. The company is incorporated and doesn`t make any money at this point but what if, it does when he`s bankrupt? Posted from: New Brunswick

Second Bankrupcy

I am just ended my two year cut off for my second bankrupcy. My trustee told me I did not pay enough and that they are extending it another year. I think that is unfair as I submitted faithfully monthly payments and all my payroll stubs and sheets every month. They said I made more […]

CRA Debit

My common law partner has not filed income tax in some years. He now has a huge debit. Can he file for bankruptcy? Posted from: British Columbia

How RESPs treated in Bankruptcy?

MY SON-IN-LAW IS CONSIDERING BANKRUPTCY. WILL MY GRANDCHILDRENS’ RESPs, that we contributed to, be taken as part of any settlement? Posted from: Ontario

Co-signer who has filed bankruptcy

I co-signed a car lease for our son. Due to health and other unforeseen circumstances I had to declare bankruptcy and the outstanding balance on the car lease is listed on the bankruptcy. Can the lease company also try and collect from our son? Will our son have to declare bankruptcy as well for the […]

mrs

i have a tax problem and currently government is garnishing my income, if however I retire and receive my CPP and OAS, does Revenue CAnada garnish part of what I receive from it. Posted from: Alberta

always broke

I have about $60k in unsecured debt, majority is credit cards. I have been sued and now threaten to take my house. Can they do this since is was unsecured? Is bankruptcy an option to protect my house as we need a place to live? There is about the same amount in equity in the […]

mr

if i sold a vehcile and the person bought it not knowing it had a lean on it .and i went bankrupt. could the bank go after that person and take the vehcile Posted from: Ontario

Mr.

Will personal bankruptcy affrect my small incorporated business? Posted from: Ontario

judgements

what happens when a judgement is against two people and one goes bankrupt Posted from: New Brunswick

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