being sued
I am being sued. I will not be able to pay the amount and am going to have to go bankrupt. Is being sued like a student loan wherin I can’t write it into my bankruptcy ? Posted from: Ontario
Q&A: Answers to Questions
Most Recent ‘Q&A’ Posts
During bankruptcy
I chose a Licensed Insolvency Trustee and initially they confirmed my fees and discharge time should be nine moths. After paying agreed amount and after nine months, they are now asking me for paying more uncertain amount of money for 21 months. I find it unfair and breach of commitment. Could you please tell me […]
starting new job while applying for bankruptcy
i owe cra 400,000.i can not pay,i am on cpp disability. i want to start working earning about 4000 /month.can i file bankruptcy even though my income will be 4000/month Posted from: British Columbia
Filing Personal bankrupt
1. In order to file bankruptcy does your annual income has to be less than a certain amount? 2. I own a 2003 car that is paid, and I also own a 2009 truck not fully paid. Can I keep both cars? If not, can I keep the truck and continue making the payments on […]
obtaining a mortgage while undischarged from Bankruptcy
I went bankrupt in August and have not yet been discharged from Bankruptcy. Can I purchase a home from the bank while I am not yet discharged? The home is for a very small amount and I want to approach the bank, however, I wanted to make sure this is something I am allowed to […]
Basket Proposal
Hello, I lost my job when i turned 65 and have no pension other than my CPP and Old Age Security. I am now going to be 71 this year and am unable to find work due to my age (no one will hire me). Two weeks before I lost my job (had no idea) […]
Mr. H
I own a Incorporated business in Alberta. I owe Revenue Canada over $25, 000 in GST, CPP, and personal income tax. If I filed for bankruptcy, would all of these be eliminated? Posted from: Alberta
In trust accounts for children
Are accounts set up as in trust for accounts exempt in bankruptcy? Posted from: Alberta
Spousal Responsibilities
If one of the spouses in a married couple declare bankruptcy, can debts to which both spouses are co-signed be included in the bankruptcy; or do both parties need to declare bankruptcy in order to discharge a co-signed debt? How does this change (or does it change) in situations of separation or divorce? Thanks! Posted […]
common laws income
why do i have to claim my common laws income on my bankrucpy when she is not filing Posted from: Alberta