What I Keep or Lose in Bankruptcy in Canada: Answers to Questions

Most Recent ‘What I Keep or Lose in Bankruptcy in Canada’ Posts

2nd time bankruptcy question

if i have a co-signer on a bank loan can I keep paying the loan payment and not include the bank loan in the bankruptcy? I bought my daughter a car through Ford Credit and the car is registered in my daughters name, will a bankruptcy affect the loan? I own a car with a […]

Horses/livestock,

We have 4 ponies on our property, providing care! A minimal cost to the budget and they are considered pets to my family. If my husband is forced into bankruptcy, what would happen to the ponies. Posted from: British Columbia

bankruptcy

im retired and i own over $ 30,000 and i cant pay it back i have 2 old motor bikes and 1 car and 2 p/u mabey worth $8,000 will i loose all that .what can i do Posted from: Ontario

bankruptcy with rental income?

I have about 40 000 in credit card debt, but I own 25% of a triplex and my father owns the other 75%. Would I be able to still file for bankruptcy, even though I own part of that house? Posted from: Quebec

anonymous

Personal property equity is stated as $40,000. If both spouses are claiming personal bankruptcy, is the total allowable equity $80,000 Posted from: Alberta

parents in financial difficulty

my parents are both working minimum wage jobs and own a condo that they are mortgaging. the car is a lease. they are having trouble making monthly payments for insurance, condo maintenance fees, car payments and mortgage. i work full time and i try to helpl them out. recently i decid to pay off their […]

bankrupcy and inheritances

I have filed for bankrupcy for the second time in early december. Now after the fact, I find I am entitled to an inheritance. What will happen to this? Posted from: Nova Scotia

property outside canada

can i lose a property outside canada in a bankruptcy? Posted from: Quebec

Acrimonious

I own a house in Alberta which is involved in a divorce (with nearly $300,000.00 of unencumbered equity) but my wife won’t agree to anything. The divorce has been going on for 2.5yrs already. I’ve been living in BC 2.5yrs as well. I can’t find work here and my credit cards are maxed out, I’m […]

Question on Asset Transfers

Assets were transferred to my common law spouse over 3 years ago and put in her name as a protection from any situation where I might be unrightly sued. how far back is financial asset history looked at, particularly with respect to asset transfers? Posted from: Alberta

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