Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

question

If claiming bankruptcy for a second time, do you have to show receipts and bank statements every month? Posted from: British Columbia

Jon E

Does my wife have to declare bancruptcy with me when all debts are my own? Posted from: Saskatchewan

Mario

Can I choose which credit card debt and loans go into a bankruptcy or does everything I owe go in? Posted from: Ontario

Hi, there are 3 civil claims against me for millions dollars.I do not want to keep paying my lawer because the outcome of the lawsuits are not clear, most likely i will loose. I am considering bancruptcy, I lease a car and have a morgage.My wife will take over the payments.How this can effect me. […]

too much owing

I only have furniture and entertainment equipment as assets. I owe 25000 to 35000 between creditors and child maintenance. I have 5 kids of 6 living with me and my wife. Can I file for bankruptcy and if so what will happen if I do with the debt to both parties? Posted from: Northwest Territories

Severance Pay

I have the option of receiving my severance pay and putting it into an RRSP without taxes being taken off …. my question is, if I do this then will my trustee know about it and if he does what are the repercussions, ie, since it is being put into RRSPs do I have to […]

Union pension

I’m 60 years old and I have a union pension…if I declare bankrupcy the goverment will gardnish my union pension? Posted from: Ontario

bankruptcy vs proposal

We have no surplus income, can we still file for a proposal to avoid bankrupcy and how much we will be paying monthly? We have no assets. Thanks Posted from: Ontario

credit cards

My in laws are 80 years old, my father in law has dementia and cancer. They are about 50,000.00 in credit card debt, making minimum payments which leaves them little to live on. Can they file bankruptcy? Posted from: British Columbia

Mortgage renewal in bankruptcy

will may have to declare bankruptcy soon. Our mortgage is up for renewal in 6 months. If we have never missed a payment over 10 years will they renew our mortgage if we our in middle of bankruptcy? We have less than 10,000 in equity Posted from: Ontario

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