Can a bankruptcy be converted to a consumer proposal?
Can a bankruptcy be annulled or converted to a consumer proposal depending on financial circumstances changing?
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
Can I simply pay myself less to avoid having surplus income?
I am 66 and own/manage a small business. CRA has sent the business an order to pay 40% of my wage to CRA. The company pays me $500/week, about $2200/mo. CRA has also garnished 100% of both my CPP and OAS, about $900/mo. I have no assets and I have been advised that the company […]
Statute of limitations that applies to debt
I hear that there is a statute of limitations that applies to debt after seven years. I defaulted on bankruptcy, failing to pay after the initial payment five years ago. If I hadn’t started the bankruptcy process, the statute of limitations would apply to my debt already but am I correct in assuming the bankruptcy […]
Am I able to claim bankruptcy while on social assistance?
Am I able to claim bankruptcy while on social assistance in British Columbia, and if so what would the steps necessary be to do so?
Incorporation being sued, do settlements survive bankruptcy?
If a small but incorporated business gets targeted in a scam for a fake (irrelevant fake or not I realize) injury lawsuit for over $100,000… can that incorporated business go bankrupt if they lose and don’t have any assets anyway? Or do court settlements survive bankruptcy? And would the debt just be pushed over to […]
One person on a joint debt declares bankruptcy
If one person on a joint debt declares bankruptcy will that remove their name from the debt? (statements are being received with both names still on it, even though the other person claims to have declared bankruptcy) Posted from: Saskatchewan
family member’s car to satisfy a debt owed
Can I take possession of a family member’s car to satisfy a debt owed?
can bankruptcy be annulled for a consumer proposal?
Can a bankruptcy be annulled and a consumer proposal submitted in place of bankruptcy in Ontario?
Can I claim bankruptcy to avoid paying these 2 court orders?
I was involved in 2 court actions against me. One in children’s aid court and another in small claims court. The family court endorsed a court order against me for approx. $10,000. The small claims court ordered me to pay $30,000. Can I declare bankruptcy to avoid paying these two court orders? Or this individual? […]
Does this order survive the bankruptcy?
A superior court of justice Final order after trial states cost order collectable as child support. Does this order survive the bankruptcy? Any relevant sections?