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

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

Car

I have a car loan and I am wondering if I will be able to keep my car after filing for bankruptcy? Posted from: Alberta

Secured LIne of credit

What happens to my home if I declare Bankruptcy in Ontario if I have a secured line of credit, no mortgage, on the property? Posted from: Ontario

Mrs.

if they garnish my wages do I get notified and if I have to claim personal bankruptcy and my car loan is in good standing not a single missed payment do I get to keep it Posted from: Ontario

Legal Aid Lien

Legal aid has a lien on a property. If the property owner goes bankrupt. Will that lien be discharged, and the owner still get to keep the home? Assuming little or no equity. Posted from: Ontario

As a single senior with considerable debt to CRA, even my pensions are being heavily garnished. I know I will have to give up my car which is leased and payments too high. My question is, if i am in personal bankruptcy, would I be able to accept a gift from family of an older […]

Cash in Bank

Very informative website. My question is regarding the cash in hand or bank account on the day of filing bankruptcy. Does all this money goes to estate or there’s some cash that I can keep in account or in hand or day to day expanses. What amount is reasonable for a debt of approximately $70,000. […]

Property seizure ?

I have about $30.000 in CC debts at two banks. I’m thinking about bankruptcy but not yet sure. I’m not in Canada right now and things seem to be very complicated. I have a house in another country but there’s a mortgage on it actually bigger that the market value of the hause. My question […]

LIRA in a bankruptcy

is a LIRA lost if one goes bankrupt Posted from: Ontario

thinking about bankruptcy but need to if my rsp is ellible for exemption

Hi, I currently hold rsp which are GIC and would mature early next year. Due to my current finacial situation I am considering bankruptcy but would like to know if my rsp could be exempt. thanks for your advise Posted from: Ontario

Child tax refund from before we filed bankruptcy

Hi, We filed for bankruptcy about 6 months ago. We have about 18 months to go before we are discharged. Our Trustee’s accountant did all of our back taxes, business and personal, from 2006 to 2009. During those 3 years we didn’t receive any child tax benefits because we didn’t have our taxes done. Now […]

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