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

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

Board of Directors

Can I still serve on a Board of Directors after declaring bankruptcy? Posted from: Ontario

claiming bankruptcy

can they take your furniture in bankruptcy if you don`t own anything ? Posted from: Ontario

I have a personal loan for my car..the amount owing is about the same as the current book value. The loan is secred by my car. The amount owing and book value add up to less than the amount allowed for Ontario..will i lose my car in the bankruptcy Posted from: Ontario

RESP`S

Are my children`s RESP`s safe from creditors if I am the subscriber and my wife is a joint subscriber and my child is the nominee? Posted from: Ontario

RRSP Protected

I have read conflecting things about RRSP`s and losing them in Bankruptcy. I have approx $10,000 that are over 2 years old with a spousal beneficiery currently located in a local bank (gics)- would these be taken should i file for bankruptcy? Posted from: Nova Scotia

Housing worries.

Hello, I have a few questions to ask. First off, I am a widower receiving roughly 700.00 a month, I am unemployed but do odd jobs for cash. I have a mortgage on a house before all the downfalls happened and the debt is quickly piling up from the four credit cards. Now here is […]

Can the bankrupt simply advise or disclose the sale

If A joint peice of marital property was sold approx 9 months before the assignment and none of the equity went to the bankrupt due to a personal (verbal) agreement between the spouses when the property was purchased — ie they both had been on title but one spouse made all the payments along the […]

RENTING WHILE BANKRUPT

We have just filed bankruptcy and have been offered a great job. We want to rent a house, and want some direction as to the best way to go about it while bankrupt. I have printed my credit report and the bankruptcy is included on it. Posted from: Ontario

general

a credit card was used for the partial purchase of a vehicle just prior to the assignment — the vehicle was given as a graduation gift with title in another name other than the bankrupts–is thids item exempt ?? Posted from: British Columbia

lawsuit for motor vehicle accident

I have a legal suit pending from a car accident in february 2004.I filed personal bankruptcy in february2009.What damages that I am awarded have to go to my trustee?I understand pain and suffering awards can`t be touched. Posted from: Ontario

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