rrsp withdrawal
I have funds in a self directed rrsp and need to withdraw a small amount to live on prior to considering bankruptcy. Is there any problems with this? Posted from: Alberta
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
Miss
Can my daughter file bankruptcy for me as my Power of Attorney if I am overseas. I am a senior with minimal earnings. Can she attend required meetings on my behalf if I am being cared for by a family member in another country. Posted from: British Columbia
Surplus income
My spouse is not involved with the bankruptcy in any way and will not disclose income. Will the “Surplus Income” calculation be based solely on my income? (Family size = 2) Posted from: Quebec
just wondering…?
My wife is going to file for bankruptcy. She has had a serious gambling and alchol problem for years. She has borrowed money from friends and family for years too do this. I am wondering what happens if she forgets (because she was drinking so much at the time) who she has borrowed from and […]
Spouse’s debt payments as non-discretionary expenses?
We are a married couple–I am in bankruptcy and my husband isn’t, though he has chosen to divulge his income. We have some confusion about what can be deducted from his income as non-discretionary expenses in order to determine his net income. Can he deduct his full payments towards his credit card and student loan […]
home equity line of credit
i currently do NOT have any equity in my home. But i do have approximately $5,000 available on my home equity line of credit. (i used the actual principle for my calculation of equity). What happens to this avaiable credit when i go bankrupt. Can the trustee ask me to write a check for the […]
Car taken-can I include in bankruptcy?
My car was taken this morning by a bailiff as i was in arrears by $770. It is a negative equity and I would prefer to include it in bankruptcy if possible. Am I correct in understanding that it is no longer a secured loan as the bank now has the vehicle and that I […]
Filing for Bankruptcy
I have decided that I am going to be filing for bankruptcy as I have a failed business and can no longer make my lease or other business payments. When I meet my trustee, can they get this process started right away to put me under bankruptcy protection so that I don’t have to deal […]
Can a Creditor Come into my House?
I own a business and have several creditors including my landlord. I am considering filing for bankruptcy and wanted to know if anyone could come into my house? Someone told me this could happen, but I wasn’t sure if this information is correct. Even with an indemnity agreement which makes me personably liable, does that […]
Drowning
My husband and I both have very good jobs. Last year he was unemployed for a period of time therfore fell behind. We have 25,000 in RSP Line of Credit Loan, We have 40,000 Line of Credit, 14,000 Credit card, 10,000 Credit card, two store cards totalling 3,000. We do not want to file bankruptcy. […]