Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

name on house but does not own it

My ex and I have been apart for 9 years and the house is mine. His name remained on the mortgage only because I did not qualify on my own. He is now looking at a possible bankruptcy. Will this affect me? If so, how. If I have his name removed immediately, will it still […]

Secure Loans

Could you please define what a “secured loan” is. Does it have to be registered? Posted from: Nova Scotia

Business man writeoffs

I am a business man who is thinking of going into bankruptcy due to the tough economy. My question is since I am self employed can I write off my medical insurance and school tuition during bankruptcy? (Can I deduct them and they NOT count against my surplus income) Posted from: Ontario

2nd Bankruptcy

I went bankrupt back in 2002 after a bad divorce. I am now in a bad place again and considering bankruptcy again. How long will my credit be affected for a second bankruptcy? Posted from: British Columbia

Want to move

I am getting a divorce. I was told I could keep the house if I claimed bankruptcy. It has negative equity (if we sold, we’d owe money to pay out the mortgage company). I want to get a job that has less stress which means less pay so I wouldn’t likely be able to make […]

bankruptcy/child support

is child support considered income when filing for bankruptcy Posted from: Alberta

What happens to my lease if i file bankruptcy for my LTD company?

I have a lease signed for 2 years. Unfortuantely my LTD company is not doing well and i may have to file for bankruptcy. Can the owner sue me even though i don’t have any assets to pay the rent with? Posted from: Ontario

REVENUE CANADA

will a consumer proposal work with monies owed to our friends at Revenue Canada or CRA Posted from: Nova Scotia

newfoundland student loans

can you declare bankruptcy on your nl student loans? I know you can on canada student loans. Posted from: Newfoundland and Labrador

Small claims court and bankruptcy

I have someone trying to take me to small claims court. I have been told that this debt can be put in with my other debts in filing a bankruptcy. Do I file first and then go to small claims court. Or do I file and let my bankruptcy people deal with the small claims […]

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