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Most Recent ‘Q&A’ Posts

bankruptcy start date

When does a bankruptcy start? The day you sign papers with a trustee or the day its registered with the superintendent of bankruptcy? Posted from: Ontario

miss

I just received a letter from my trustee that says notice of taxation of administrars account and discharge of administrator ( rule 100) what does this mean Posted from: British Columbia

Surplus Income

I was paying $225 a month to my trustee since last October and had to lower my payments to $100 in July because I could barely pay my bills. I just looked online to see if the surplus income amount has changed for 2011 and I see that if I’m making less than $200 surplus […]

When CRA freezes your bank accounts

What`s the next step if CRA froze your bank account and you don`t own any assets and no money three days before christmas? Help! Posted from: Alberta

Monthly Surplus Income calculation

Hi,I would like to know how monthly income surplus is calculated if the bankruptcy last for 21 months? 1. add 21 months of income divide by 21 to give average monthly income and then subtrat OSB standard or 2. Within the 21 months, just pick those months that income are over the OSB standard allowed […]

Creditors meeting

I heard that upon filing bankruptcy, there is a creditors meeting. My question is do I have to be present at the creditors meeting? Posted from: Ontario

John

Can a bankruptcy be challenged in any way by an individual that is not in bankruptcy but still directly affected? Posted from: Ontario

Landlord declaring bankruptcy

I just moved into a property and now my landlord tells me he might be declaring bankruptcy? What do i do? Do I now have to pay my rent to a trustee or continue to pay the landlord until told otherwise. Can the trustee kick me out, or the bank if a foreclosure is involved? […]

procedures of bankruptcy

i filed bankruptcy , should i get info from the debtors that i filed and that its accepted and who do i know its accepted Posted from: Ontario

morgage?

what happens to my morgage if i claim bankruptcy, its with my common law? Posted from: Alberta

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