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Most Recent ‘Q&A’ Posts

brighterfuture

I am overseas with a large outstanding debt to CRA, as a result of leaving my taxes starting with a large inheritance for 8 years without filing. I have lived in Canada in the last 8 months. I am coming back and have decided that filing for bankruptcy is my best option, from the research […]

discretion

Who finds out when you declare bankruptcy? I have heard that it gets put in the newspaper and that the trustee will notify your landlord (even if your rent is up to date) and employer. is that true? Posted from: Ontario

JOINT HOME OWNERSHIP

If I own my home jointly with my spouse and I go bankrupt, how is the home equity calculation effected? Posted from: Ontario

fixed debt

Hello, about a year ago we fixded our debts (bad creditcard/startinga business…) into a fixed payment we thought we could afford. It is fixed for 10 years but now we can not afford the payments. Are we out of options. It is my understanding that we can not bankrupt out on fixed debt. What can […]

Overwhelmed

I am 74 and tried to start a small business on line and went into serious debt to do this. It didn’t work out as it should have and I am now in serious debt. My income comes from CPP, OAS, PSP and a small British pension. Can I declare bankrupcy. Posted from: Alberta

car or truck

do people lose their cars or truck when they claim bankruptcy Posted from: Ontario

appealing bankruptcy orders

In 2006 I claimed bankruptcy and was ordered to pay 400 a month for ten years. I was retired and receiving a pension which has now been reduced by 1,000 a month. It is increasingly difficult to pay the trustee this monthly amount. Do I have any appeal recourse????? I have never heard of anyone […]

income????

How does one go about bankruptcy/consumer proposal if revenue canada has co-mingled you and your spouses income info? gst comes in together so how would that be decided? my spouse does not want to be involved with whatever decision I make so how would I be able to provide an income tax statement without divulging […]

Consumer proposal

If I defaulted on the payments on CP and went bankrupt, does the payments made already count in bankruptcy? and how? Thank you Posted from: Ontario

What Can I Do

what can i do if i believe a bankrupt trustee is breaking bankruptcy laws Posted from: British Columbia

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