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I was in Alberta and had to declare bankruptcy, about 8 years ago. Due to unforeseen circumstances, I was forced to leave the province and was unable to fulfill the duties of my bankruptcy. My bankruptcy was adjourned “sine die”, and my tax refuns for the last 7 years (total in excess of the bankruptcy […]
I am considering bankruptcy. I cashed in my (self-directed) mutual funds about two months ago to repay my friends and family who I owe money to, but there is no way I can meet my cost of living and payments to creditors at this time. But a friend in finance tells me that my cashing […]
Do trustees visit house to check for example furniture value? or they trust us if we say if we give them an estimate let say $1000 max? Thank you Posted from: Ontario
I have an asset and want to keep- Can I include it in monthly bankrupcy payment as I have no money to buy it out? Posted from: Ontario
All the examples on this website talk about “surplus income” and explain how to calculate this surplus…and then explains what “additional” payment would be required. However…I don’t see anywhere…what the payment is “additional to”….what is the basic amount before the “additional” (based on the surplus) Posted from: Alberta
Hello, My boyfriend and I are common law, and he is considering bankruptcy. All the debts are in his name, but since he has been laid off and is currently collecting EI, is my income in jeopardy of being garnished? Thank you. Posted from: Ontario
We have received a Conditional Order until we pay back $55,000. Which was purchasing back equity in our house, RESPs and excess income. We can’t be absolute discharged without paying this all back. If we sell our house and have equity of $200,000 does only $55, 000 go to Trustee or all of the $200,000 […]
When can creditor garnish wages? do they inform us first or the employer or bank will? Thinking about filing and receiving daily calls from credit cards companies( not collection agency yet) just want to know if we will be notified. Thank you Posted from: Ontario
Due to being over my head with unfiled taxes, student loans, and credit card debts, I’ve talked to a Licensed Insolvency Trustee who has reviewed my options and suggested that personal bankruptcy could be my best option. The problem is that I’m self-employed. The trustee pointed out that if I operate as a sole proprietorship […]
How long are we able to stay in our home after bankruptcy has been claimed, or do we need to vacate prior to claiming? Posted from: Ontario
