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Most Recent ‘Q&A’ Posts

Bankruptcy

I am on CPP disability Pension 885.00 per month and a dietary supplement of 132.00 per month from ODSP. I have a Zellers credit card that is out of hand. almost 5,000 and the interest is almost 30% per month. I also owe 2300.00 income tax. This came from lump payment etc for years back […]

taxes

why does the trustee’s company do your taxes and keep your income tax for two years when you file bankruptcy Posted from: Nova Scotia

Tom Davis

What is the difference between a bankrupty and a consumer proposal Posted from: Ontario

traffic court charge

I recently had a judgement in court for $5000 (traffic court). I was already thinking of applying for bankruptcy, can I include this charge in the bankruptcy? I really cannot afford the monthly payment on top of everything else. thanks Posted from: Ontario

sale of house

can you sell your house while in bankruptcy Posted from: Ontario

Joint followed by individual proposa

I would like to pursue a joint proposal. my counselor suggest I and my wife perform individual proposal. Is it possible to first present a joint proposal to our creditors and still have the option to present individual proposals if the joint is not accepted Thanks Posted from: Ontario CATID10

retirement

i am retireing and considering bankruptct Posted from: Ontario CATID1

False decleration

What if someone declares a debt free asset as being sold a few months before filing for a consumer proposal, but in reality they still own it, and after filing for a CP, have traded it to purchase a new vehicle. Does this affect the filed Consumer proposal? Posted from: Ontario CATID10

Which spouse should file Bankruptcy?

My longterm boyfriend (common law by now) and I are both in a bit of debt, mine is a little more due to a student loan – total about $25 K, his total about $22K. He makes much more money than I do as it is, especially right now since I’m on EI due to […]

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