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If we were to claim bankruptcy, what happens to all the baby and children`s things, like furniture, toys, stroller, high chairs…are these part of the $4000 we have to keep or is it seperate? Most of these items were gifts from the grandparents and at the shower. Posted from: British Columbia
my sibling declared bankruptcy and i was wondering about him cashing a cheque from icbc…. recently he was involved in an accident and his car was totalled, icbc cut him a cheque and i was wondering if he cashes the cheque if it will have to be surrendered and go towards his bankruptcy owings. i […]
I have a civil lawsuit pending with a possible award of $9,500.00. It has been filed 2 years ago and seriously impacted my financial situation today, which is now catastrophic. If the suit is settled and the judgement awarded, will it have to be surrendered in full to the trustee. We would like to use […]
Do I get to keep my car if I got bankrupt? The car is paid for Posted from: Quebec
My house is free and clear. Although my name is on it, it is owned by a relative whose name is also on it. If I filed for bankruptcy, would the unsecured creditors be still able to seize the property for repayment? Posted from: Ontario
I have a pension that I will be investing with a bank very shortly, since I can`t use these funds can I still declare bankruptcy and not lose any of my pension, or can I borrow against it to pay off some of my debt. Thanking you in advance for your answer. Posted from: Ontario
i have usecured debts which are too big to make payments on…most debts are the result of my business which i had to give up because of rising costs…. after paying for mortgage and taxes on my house there is not enough money left for debt payments and overdue personal taxes i want to save/keep […]
if I have $12000 in RRSP`s and owe to GST Taxes of $18500 and $11,500 to Student Loans. Can I cash the RRSP and pay off the student loan and then file for bankrupcty if the GST – Collections in CCRA will not agree to slow payment. Can I get in trouble by cashing in […]
I owe 25% on the house and my wife owes 25% and my father-in-law owes 50%. If I apply for bankruptcy, can I still keep the house (with mortgage equals to 30% of the house`s market value) cause we all live together with dependents. Can trustee force me to sell the house even though I […]
I am making the final two payments on my car and I will own it outright. However, I have racked up over $20,000 in credit card debt and have a $5000 line of credit. I am strongly considering declaring bankruptcy so I can start again without the cripling debt payments but am worried they will […]
