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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 contributed by spouse

My wife registered our kids for resp`s in 2004, she is the sole person on the forms and the sole beneficiary and she made all of the payments to the funds. If I claim bankruptcy what will happen, will i need to disclose these? Posted from: Ontario

Home in ex husbands name and mine

My ex husband and I have been apart for just over 2 1/2 years. I have been in the house raising our 2 children whom live with me full time. The plan was to buy him out once I could and I have been the one paying EVERYTHING as though it is in my name […]

inheritance and bankruptcy

If you come into an inheritance of realestate and money after you have declared bankruptcy, what amount are you allowed to keep, if any. Posted from: Alberta

RRSP`s

I`m a single mother and has been on Maternity leave and am considering bankruptcy as I have too many debts to pay, if i do will i lose my Canada Child Benefit check every month? I also have RRSP`s through Clarica, will I lose those as well(maybe worth $5000)? Please advise, thank you in advance […]

home and bankruptcy

my mom has huge credit card debt, we own a home 50/50 with no mortgage, I have told her to put it in my name and declare bankruptcy, she refuses. If she declares bankruptcy, can they take the house? Posted from: British Columbia

Our Home

Just wondering; My Husband and I would like to file for Bankruptcy, but are afraid to do so because we don`t want to lose our home, we are keeping up with the payments, taxes etc. However we are unable to make the minimum payments on the other debth owing. My question is: In your experience […]

canada bankruptcy questions

if i go bankrupt and i bought a 4,000$ gift for someone else on a credit card are the creditors going to take it from them? also if i have a family members car in my name, but they are paying it are they going to take their car? Posted from: Ontario

owner of a small cafe

The only creditor I have is the bank. The business loan is secured with collateral from our residence. If I declare bankruptcy will the bank definitely take possession of our home? Posted from: Saskatchewan

lori

do we keep cell phones during bankruptcy, this is important for me as i travel a lot Posted from: Manitoba

time share

I own a time share in Florida with another person. I initially helped pay into it but the other person has paid the maintenance fees for years. Would this be lost? I would feel terrible if they had to forfeit their portion due to my situation. Posted from: British Columbia

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