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Most Recent ‘Q&A’ Posts

How does drug addiction affect bankruptcy?

A lot of my debt is from cash advances during a rough time in my life, drug addiction, I am clean now and I am looking into bankruptcy due to over $70000 in unsecured debt (not all of the debt is because of drugs). Do I have to disclose that I had a drug problem […]

surplus income

If I file for bankruptcy and move in with my 83 year old mother, will they use her income to determine if I have a surplus? And if they don’t and I make 2054.00 per month will I be in bankruptcy for 21 months instead of 9 months? At present I’m unemployed and will only […]

Mr

I filed bankruptcy in 2010, trustee calculated my home equity as follows: Market Value of the House – Mortgage – Sales commission – Legal fees. But now they say the new law came out this year, the sales commission and legal fees can not subtracted from the value of the house when you want repurchase […]

income tax

My husband and I are seniors and have claimed shared income. I owe income tax 2100.00 and have to claim bankrupcy for unsecured debts in my name. My husband has his own debts and does not want to claim bankruptcy. Other than a 2001 van which needs 1000.00 repairs, we have no assets. What happens […]

Personal Bankruptcy with a business

If you file personal bankruptcy but are the president of a company can you resign as president and appoint a new director to keep business going? Can the new director be a minor (17)? Posted from: Alberta

money owed to revenue canada

Revenue canada says I owe them money from 2006. If I claimed Bankrupsy in 2008 and Im discharged as of 2009 are they able to take that money out of my 2010 income tax refund Posted from: Ontario

Are students household members in a banKruptcy

Do students (18,24) who live in a furnished room at the university, but are supported by a single parent, count as household members when you do the calculation for the surplus income? Posted from: New Brunswick

Bankruptcy

If someone is a self-employed proprietor, and he has declared bankruptcy, should he calculate his income on the gross or net amount? Someone has just advised me that his Trustee was charging him a monthly fee based on his gross income. Is this against the Bankruptcy Laws of Ontario. Please advise. Thank you. Posted from: […]

Bankruptcy

How do I declare bankruptcy with no income? I have seen a trustee and do not have $1800.00 to use a trustee. Posted from: Ontario

debts dealing with estranged spouse

If my estranged spouse claims bankruptcy and our name is still connected to an outstanding debt what will happen to me. Posted from: Ontario

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