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

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

Engineer/MBA

I`ve had trouble finding work in the Greater Toronto Area for the past ten years but moved to Alberta 4 yrs ago and found work . I have a 10 yr old son in Ontario that I`ve been flying down to visit. I though my job was secure, and leased a new car when I […]

Am I allowed to do buy a car so I can keep my job

I need a car to get my son to daycare and soon school and me work on time. The bus system here is just not working and I am at risk of losing my job. I have a friend who is willing to buy a car for me and me work it off on the […]

Living Together-Can Girlfriend`s Assets be Seized?

I moved into my girlfriend`s home last year. The house and most furniture are hers, purchased prior to our living together. We do not have any joint assets or bank accounts together. She is worried creditors may seize her assets and belongings since we live together. How does she protect herself? Posted from: Quebec

will I lose my car?

My father is co-signor on our car loan. Would they still take it or continue to take the payments? Posted from: Ontario

Tools for work

I used to work as a cad drafter and computer ilustrator for an architectural firm until I got lay off 10 months ago. As I couldn`t find a job, 6 months after I lost my job I decided to start working at home as a free lance for the companies I used to work. I […]

Can a trustee seize all assets of value?

Is a trustee allowed to seize any – and all – assets of value, even if their total value is less than the set limits? I heard of someone that this happened to; all his personal possessions were seized by his trustee and sold. I have a few family heirloom pieces of furniture and a […]

Personal Bankruptcy

My wife and I own a limited business which is financially sound but our personal finances are in bad shape. We have not missed any payments yet but it is very tight. If we chose personal bankruptcy would it affect our business. Posted from: Nova Scotia

forgotten credit card and bankruptcy

i declared bankruptcy and i missed one credit card. what`s going to happen to that credit? Posted from: Ontario

sposes inheritance and bankruptcy

i declared bankruptcy 3 months ago and my spouse will receive an inheritance soon from a family. how this inheritance will affect my bankruptcy? will he be required to pay because of this? Posted from: Ontario

pension

I recieve a City of Wpg pension. Are there any special rules covering seizure of pension if I were to declare bankruptcy Posted from: Manitoba

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