Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

consumer proposal and or bankruptcy and RESP

I am going to do a consumer proposal and my husband is filing for bankruptcy. What happens to our jointly signed RESP’s for our children? We are both named at contributors (but have not contributed in 6 months). Posted from: Ontario

decision of bankrupcy

I am thinking of going bankrupt – what happens if I don’t tell a trustee that I went bankrupt 18 yrs ago – not quite a personal bankrupcy but a joint one with my husband and his company Posted from: Quebec

2nd time bankruptcy

The first time I filed for bankruptcy was in New Brunswick. I work in Alberta but live in New Brunswick. I pay rent in 2 places so I can claim living in either province. The rent I pay in Alberta is for a cheap room. My New Brunswick address is an apartment. Does it matter […]

Keeping an apartment

I pay $770 for my apartment without utilities. It’s just me and my fiancee with no kids or pets. Can I keep living here or will we have to get a cheap dirty unsafe place for $500? We’re not living fancy right now anyways. I just don’t want the embarrassment of moving, I just signed […]

Tax refund prior to claiming bankruptcy

I am looking into claiming bankruptcy. I’m a single parent and recently unemployed. I received a refund on my 2009 taxes and also on my 2010 taxes. Will I be required to pay that money back to the Licensed Insolvency Trustee when I decide to file for bankruptcy? Posted from: British Columbia

exemptions

is any amount of monies exempt ? what about gifts or inhertances ? Posted from: Nova Scotia

Tax Refund

Does my tax refund go against any surplice income that I have accrued? Posted from: Ontario

fraud

I’m in debt to the Bank because of an overdrawn bank account. Cheques where returned leaving me with a debt of almost $100,000. I went to the police and explained the details. The bank just sent me a letter saying I have to pay the money back or they will do everything possible to get […]

owning a business

I have a business that is in my wifes name. I take a paycheck from that business. I know that my personel paycheck will be taken into consideration but what happens with extra money that is in the business account? can they go after that money. The business is in my wifes name (only) legally. […]

Wages being garnished

When the government of canada garnishes your wages does it affect your credit rating? Posted from: Alberta

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