I was told by a credit counsellor that if I declare bankruptcy, I would only have to pay $1800 or $200 for nine months and I could keep my car. I don’t own a house or have any investments and only have a part time job. I have saved $4000 towards my $10,000 debt but […]
What I Keep or Lose in Bankruptcy in Canada
Most Recent ‘What I Keep or Lose in Bankruptcy in Canada’ Posts
Three years ago a relative was injured severely in an auto accident that was not his fault. He has received no compensation to date – only some medical expenses(?). He is not able to earn an income due to his injuries. Somehow he negotiated an auto loan (with no income!) in which he has tens […]
I have a new vehicle (Ford credit loan) as I need to travel to a different province for my medical (WCB) problems and I need something that is reliable in winter and summer. Is it possible that I can keep my vehicle and still file bankruptcy?
Do medical/dental benefit repayments count as surplus income? Example: I spend $100 on eyeglasses and submit the receipt to benefits who then reimburse the cost. Will the reimbursement of my initial expense count as surplus income?
I am thinking of going bankrupt. My husband has health problems and can’t work like he used to on his construction business. We owe a lot of money and will never be able to pay it all. I also put in a claim for Critical Insurance for my husband’s heart attack and I am wondering […]