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I’m a small business operator in Alberta engaged to a person in BC. Hes accrued about $70K in debt due to a bad business partner leaving them hanging. The material posessions are almost nil and they are unable to work full time due to a permanent disability We’ve been holding off the marriage til we […]
Currently going through a divorce and I am considering filing for bankruptcy due to the incredible debt (most of which I wasn’t aware of!). We have 3 kids together that we have RESP’s of the value of approx $14,000 split amount the 3 children. Are these going to be affected? Posted from: Alberta CATID11
1. In a sole proprietorship and personal bankruptcy situation… why would the trustee ask for receivables for the prior 6 months to the application for bankruptcy? 2. Also, being that the sole proprietorship is an individual is there any reason both personal and business have separate bankruptcies and charges associated with it? Posted from: Ontario […]
I no longer have any assets or a home and cannot work full time due to an injury. I’ve lost my business 2 yrs ago and owe about 60k. How would bankruptcy apply to this situation? Posted from: British Columbia CATID1
Can you remorgage after a consumer propsal? Posted from: Ontario CATID12
A friend declared bankruptcy last year and after one year had passed she was told that the creditors no longer had any rights to any assets she may acquire. Another 6 months has passed and just last week the back released the funds in her account to creditors. My question is – do these creditors […]
If I am a first time personal going bankrupt what determines the length of time you have to make your monthly payments for? Posted from: Ontario CATID1
how do i know how much i am paying my trustee? Posted from: Ontario CATID10
What is the difference between spouses filing joint bankruptcy or individual bankruptcies, where debt is both joint and individual? Posted from: British Columbia CATID1
We are considering me and my wife filing for proposal. We have just refinance mortgage to include a LOC with the same bank as they did not want to pay other debts- we are left with 40k credit cards and loans from other institutions and no equity-will this be a problem when filing? Second question: […]
