Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

credit card question

I am considering a consumer proposal or bankruptcy right now. I am just wondering about a credit card that I have that has nothing owing on it. May I keep it if I do either a proposal or a bankruptcy. If I can keep it, do I leave it unused until after my discharge? Thank […]

keeping the cottage

The family cottage is both my mother’s and my name. There is an outstanding $100,000 line of credit on it. The cottage is valued at $240,000. Will we lose the cottage if I file for bankrupcy? Posted from: Ontario

Severance Pay

My husband and I have 2 months left until our discharge (9mos). My company has just closed, leaving me without a job and paying me severance at 40 hrs per week for 20 weeks. Although I will get a job with the new employer, my wages and hours go done dramatically. EI will deduct any […]

question

still owe money to trustee, its been about just over 2 years, had major family problems and totally forgot about it but now want to take care of it, will i be in truoble for wanting to clear everything up now. Posted from: Ontario

RRSP contributions

Would having a RRSP contribution coming right off payroll effect the Monthly income, or is it only based on the after tax and deductions amount. Posted from: Ontario

Income Decrees after filing for bankruptcy

After filing for bankruptcy, if my income was to go down what, would happen to the surplus income being paid and length of time? currently its 21 months due to having the extra income would it drop down to 9 months if the income was less then the standards. Posted from: Ontario

help

So if I leave my husband, my name isn’t on the deed of the house or the first mortgage but it is on the second mortgage and on a loan from City Financial with him as well as I have my own debt of $30,000. to $35,000 in personal loans and credit cards. In which […]

Mr M

Considering this route, but do have 2 older kids living with me,they do work,will they be affected by me declaring bankruptcy?they do help financially.Thanks Posted from: Alberta

Buying someones house in bankruptcy

I am wanting to buy someone’s house under an Agreement for sale clause but they have filed bankruptcy. Does the bankrutpcy automatically take the house Posted from: Alberta

car

do i get to keep my car if I claim bankruptcy, if my car is paid off Posted from: Ontario

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