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Most Recent ‘Q&A’ Posts

Line of credit carrying the name of both my ex-husband and I.

A line of credit carrying the name of both, my ex-husband and I. According to our divorce agreement, he is solely responsible for paying it off, yet the bank won’t remove my name from it. What it will happen with it in the context of declaring bankruptcy?

Is my wife allowed to refuse to disclose her income?

Hi, I signed for my bankruptcy in December 2014. It is now after seven months and I must send my proof of income. When I signed for bankruptcy, I gave my spouse income information. We were well under the surplus family income limit. Things changed during those months and I stayed at home with my […]

Can anyone explain surplus income?

Can anyone explain surplus income? The calculations online don’t seem to leave a family of 4 much to live on after expenses. Can anyone explain how it works after car/mortgage payments and all the monthly stuff?

Am I able to add it on to my bankruptcy debt?

I have recently filed for bankruptcy about six months ago. I was able to keep my truck but now am realising I can no longer afford it. Am I able to add it on to my bankruptcy debt or what are my options

Do we just walk away from both mortgages?

I have two homes in Saskatchewan one we were in the process of building to live in and we were going to sell the other. We had a mortgage on the first and the second one we had a loan to build based on the value of the one we lived in. Unfortunately, personal circumstances […]

Will declaring bankruptcy in Ireland affect my credit record?

I immigrated to Canada a couple of years ago and it looks as though I will have to claim bankruptcy in my home country. Will declaring bankruptcy in Ireland affect my credit record here in Canada? I am a permanent resident of Canada in case that will make a difference. Thank you.

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