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Most Recent ‘Q&A’ Posts

bankruptcy and surplus income

I will have to pay surplus income payments based on my net monthly salary. Is is possible to have more income tax taken off my paycheck each month to reduce my surplus income? What happens to the income tax I would recieve back next year if I am discharged before I recieve back that tax […]

How will my wife’s debts affect me?

My wife has some substanial debts (student loan and unsecured) after going to school. She has been on disability for almost 5 years now and I am currently in school and dependent on student loans. If my wife declares bankruptcy will it affect my ability to be recieve student loans for school in the future? […]

co-signers on loans

if i have co-signers on my loans will they be forced to pay the loan if i have to claim bankruptcy? Posted from: British Columbia

can I declare bankruptcy

My house is going into foreclosure,with the debt I will be left with because of legal fees from the bank and other costs can I start the bankruptcy process now Posted from: Newfoundland and Labrador

US property

I own a clear title condo in the US if I go bankrupt in Alberta can they take it? Posted from: Alberta

bank account

I have my pay directly deposited into my bank account. There is no credit card attached to the bank where I have my bank account. Do I still need to close this account and open another before I declare bankruptcy? What about if I do a consumer proposal, do they freeze any bank accounts in […]

surplus

What is the surplus for 2 common law adults and 3 children? What is the government allowed household threshold please. Posted from: Manitoba

Common Law

How does having a boyfriend live with you to help with living expenses hinder or help with determining income surplus since you are adding an adult to a household which has one bankrupt adult and 3 children? Posted from: Alberta

2nd Bankruptcy??

I declared Bankruptcy back in 2001. I’m self-employed & I’ve been seriously struggling to earn a living since 2009. As a result, I’m late on my bills (rent,etc) provincial (QC) & federal taxes. To make matters worse, I’ve recently been garnished of my wages, making it impossible to pay my debts. Am I allowed to […]

Issue on House

I was wondering my husband is self employed and i work for his business part time the house has been in both our names for the past 7 years, recently we refinanced and du to my low income the house was put in his name only, on the other hand i have an outstanding dept […]

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