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

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

RESP and bankruptcy / consumer proposal

Over the years, I have contributed my child tax benefit to an RESP for my son. Other relatives have also contributed to this. Now I find myself in way too much debt and am considering CP or bankruptcy. I know an RESP is an asset that can be liquidated in a bankruptcy. Is it worth […]

A Joint Car Loan ?

Im wondering What happens in the situation that my newly ex common law partner and I yet have a car loan jointly but Id like to file for personal bankruptcy. We owe $23,500 yet and the car is blackbook valued for less then we owe! We have never missed a payment(he takes care of them) […]

Vehicle worth less then 5650.00

Just a quick question. I know if you have a vehicle worth less than 5650.00 but what if there is still money owing on it? Will it then be taken or can it be kept? Posted from: Ontario

House titlement and code of ethics on behalf of a company

Am I required to sign my house over during bankruptcy, especially if there is Excess equity in it? Are companies allowed to threaten jail term and use scare tactics to obtain extra money? Posted from: Alberta

RESP changes?

Do the recent changes to bankruptcy involving RRSPs also apply to RESPs, or are they still not exempt during a bankruptcy? Posted from: British Columbia

go into home?

I don`t see this question around, but i have to ask. Can the trustee, debt agency or someone go into the home to look around and take whatever they think has value? For example a $500 couch they think is worth $6,000 if they see it. A computer worth $3,000 (at that time new) but […]

winning money and bankruptcy

If someone were to win say 10,000.00 during a bankruptcy would that whole amount have to be forfeited to the trustee or would only a portion of it have to be given to the trustee Posted from: Ontario

RESP Account

My minor children have RESP accounts under their own name which I have made monthly contribution since they were born. If I file for bankruptcy, will I or my children lose them to creditor? Posted from: British Columbia

Employment Insurance Income and personal bankruptcy

I was laid off from my job last year and am currently receiving EI as my only source of income. Will I be able to continue receiving the remaining EI I was entitled to if I file for bankruptcy? Posted from: Ontario

CPP Disability Payment

I`ve been accepted for a CPP Disability. They are giving me a back pay of $10 thousand. Will I lose this to my creditors?? I`ve already declared bankruptcy 5 months ago. Posted from: Ontario

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