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

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

windy

is inheritance exempted Posted from: Ontario

hello, my question is how being married can affect personal bankruptcy. for example. the house we live in is in my wifes name alone , and does have equity. i personally have lost my job and cannot afford credit cards. if i declare bankruptcy will it affect our ( her ) property. ? thanks Posted […]

what happens to my mothers home

My husband and myself were self-employed and had to give up the business due to illness. We are now on income assistance waiting to collect disability. We both have credit card debt and bank overdrafts. We don’t have tax debt. I had been gifted 4% interest 3 years ago in my mothers house which I […]

Concerned

I consulted a trustee and expressed a profound concern that my current car, which is 10 yrs old and in very bad shape would not pass the new inspection laws in 2012. But that by being in bankruptcy, I could never get a loan for a new car. Without a car, I could lose shared […]

2 Vehicles

My husband and I will need to declare banruptcy. We both own vehicles that have a combined value of $5000.00. I use my car to communte to and from work. My husband does not work due to disability. He uses his vehicle to go to medical appointments. Would we be required to give up one […]

miss

Can I declare Personal bankruptcy if I have a limited company Posted from: British Columbia

Life Insurance

What happens to the proceeds of life insurance if the bankrupt person dies before the 9 months is up Posted from: Alberta

Credit card

If I declare personal bankruptcy, can my common law let me use her credit cards? Posted from: Ontario

loosing my house

If I were to claim bankruptcy for about $15,000 worth of debt would I lose my house? Posted from: Manitoba

spouse

If I am recently married but have a marriage contract that stipulates no involvement with my partners money, and I have significant debt, can I declare bankruptcy without negatively affecting my spouse. I should clarify that my spouse owns a house and is in healthy financial position. Posted from: Ontario

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