wage garnishment
If i have a wage garnishment against me due to provinical fines owed, would this stop from a bankruptcy or consumer proposal? Posted from: Ontario
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
gifted money or gift cards from family
I am just under the income surplus so that I can be in bankruptcy for 9 months. Unfortunutly, my expenses are really tight. If my sister sends me a $100 or a gift card to I have to put it under income for that month. This would put me over the amount alotted, so would […]
Saving….during bankruptcy
We are officially filing bankruptcy on December 21st. In preparation for this process our trustee has told us to stop making minium payments for the month of December on our debts. We are doing some of the essential things we were unable to do like put new tires on our car ect. We were hoping […]
Retention of Cash When Filing For Bankruptcy
I lost a well-paying job several months ago and have little prospect of gaining meaningful employment anytime soon. I have been maintaining monthly interest payments on approximately $150K in credit card debt from my savings but realize that I have no hope of ever paying this off so I am contemplating bankruptcy. My only income […]
50K unsecured + 80K$ secured debt
i’ve had enough, permanetly ill, on a reduced income 1300/mthly. credit debt 50k$. mtg 30K+ 50K secured line of credit total =80K secured. min payments are unbarable. i DONT want to sell my home, no other assets or additional income, i don’t have much extra to live after…need help Posted from: Quebec
done4
Family company, I’m diagnosis as a pathological gambler by medical specialist, I was removed from company as President, all shares given to wife. Do I still have to claim any assets from when I was with the company. I had not choice in leaving the company. I want to get out of debt, I’ve been […]
assets that need to be declared
I am considering to file personal bankruptcy and did not find the answer in FAQ : I & my father qualified for a mortgage for a house 5 yrs ago, therefore jointly hold the house title & mortgage, my father contributed 100% for the down payment, since he could not qualify for the mtg. I […]
Appeal term of Bankruptcy
Can I appeal to the court to have bankruptcy term reduced from 3 years to 2 years due to financial hardship? This is my second bankrupcty due to a failed business and I also have surplus income from current job. Posted from: Ontario
income
How much income can we keep for 2 adults This would be our second time for going bankrupt Posted from: Alberta
Incorporated companies
My wife and I both own small incorporations. We are not on payroll but simply cut ourselves checks each month. At the end of the year our accountant calculates CPP, etc. and we square up with CRA. Our income varies widely from month to month and year to year. How do we prove income when […]