Firearms
I have about $2000 worth of firearms I use for hunting. Would I be able to keep them.? Posted from: Ontario
What I Keep or Lose in Bankruptcy in Canada: Answers to Questions
Most Recent ‘What I Keep or Lose in Bankruptcy in Canada’ Posts
Owned Vehicle
Hello, I`m 70 and I just lost my job. I was living paychq to paychq and I`m 40K in debt. I want to claim bankruptcy. I owned a 2005 Dodge Caravan with 200,000 km and 2 accidents (fixed) damage to front and side (claims made). I want to find another job, but I will need […]
inheritence
My mother recently passed away. If I receive an inheritence just prior to going into bankruptcy will I lose this? Posted from: British Columbia
car lease
Thank you for your comment. We have a lot of debt but regardless we need to either get out of lease now or later and purchase now or later. We would definitely need a cosigner and have one. We just don`t want this person in trouble. They know we have been paying for a vehicle […]
rv – exempt property
Is an rv automatically taken by trustee and sold? Is there a difference if RV is paid off or if an RV is still owing money? Thank yhou Posted from: Ontario
vehicles – leasing/purchasing
A few questions on vehicles. If our lease is due to end. Should we file for bankruptcy before it ends? And try to finance a vehicle while we have a bit of a chance? File for bankruptcy while the lease is good then try for financing a vehicle. My worry is we will not be […]
what can i keep
I was wondering if i will get to keep my house if i go bankrupt. I have no equity in it. Posted from: Ontario
pensions and bankruptcy
a year after bankruptcy my ex got his pension papers of 24000 dollars is he supposed tolet banruptcy know of this Posted from: Ontario
artist`s assets
Question 1a: As an artist filing for bankruptcy, can my paintings remain for sale at my representative galleries (with sales forwarded to a Trustee) rather than going to auction for a fraction of the price? Keeping the paintings (assets) in the gallery setting is important to maintain integrity and expedite sales. Liquidation could be severely […]
No job, no savings, living as a dependent who is on Social Assistance…what can I lose?
My credit card / student debts have skyrocketed to the point of being put in collection agencies. I live as a dependent under a parent who receives social assistance. I am unemployed (though not for lack of trying, I assure you). We live in an apartment and the most expensive thing we own is a […]