Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

wondering

If I go Bankrupt will I have to include my US credit cards? (exp: Macy’s, JC Penny etc) Posted from: Ontario CATID1

I keep reading how the maximum after tax income is $1,875 for an individual. What is the threshold to ensure you are not having surplus income for a couple with two young children – is it $1,875 per person? thanks Posted from: Ontario CATID1

jeff

I am self employed. I gross $3,700 per month but I pay overheads (rent and other costs) that add up to $1,400 per month. Therefore i would net $2,300 before taxes which is above the $1,875 per month allowed for a 9 month discharge question – how does the court look at this because after […]

Incorporated Business

I have an incorporated business. I am wondering If I file for personal bankrupcy will it have any affect on my business? Posted from: Alberta CATID11

Sales Expenses and Surplus?

I work in Sales and am about to claim bankruptcy. Each month I am required to travel for my work to visit clients – By doing so – I accumulate expenses such as Gas, Meals, Lodging ect.. I pay for these expenses and then submit them to my comppany and am paid within a week […]

My loans have be to Court

I was wondering if my loans have gone to court with the collection agency is this considered secure or unsecured dept? Posted from: Ontario CATID1

oops

does a payday loan company require a court order to garnishee wages does it make any difference that it is ei payments Posted from: Alberta CATID12

Collections

Can a collections agency petition against my bankruptcy and still make me pay my debt plus the trustee fee’s? Posted from: Ontario CATID17

unpaid taxes

Can unpaid property taxes be included in a consumer proposal or are these considered secured debt? Posted from: Ontario CATID10

graduate in debt

how do the rules differ between loans through the National Student loan service (Ont) and the bank’s Student Line of Credit when it comes to debt repayment. Can a graduate one year out making $13/hr file a consumer proposal with regards to the Student Line of Credit ? Posted from: Ontario CATID3

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