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

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

mortgage and credit cards

owing 50k on credit cards and car loan. mortgage of 100k. current house value is 120k. i can manage the monthly mortgage payment but cannot pay credit cards and car loan. i can take public transit. can i file bankruptcy and keep the house without anyone going after the house. please help. thank you. Posted […]

ms

My adult son has just filed for bankruptcy. As a result he has had to cut up all of his credit cards. He is an authorized user of a Visa credit card of which I am the primary owner. He is very worried about being an authorized user on this card. Must I remove him […]

Will I loose my car if I file for bankruptcy?

I HAVE A 2001 MUSTANG WILL I LOOSE THIS WHEN GOING BANKRUPT Posted from: Nova Scotia

manager of non-profit organization

Hi, Can I remain the owner of a non-profit organization if I have to declare personal bankruptcy? Thanks! Posted from: Yukon

How do recent credit card purchases effect bankruptcy?

Within the last few months I`ve made purchases with my credit cards. I`m in financial straights and am considering bankruptcy. These purchases are, for the most part, consumables, so I don`t have them anymore but some of the purchases are items I still have. Is there a time frame where unpaid credit card purchases aren`t […]

Joe Broke

I worked in the US, and after losing my job, had to walk away from my mortgage, which obviously affected my US credit rating. I have since found employment in Canada. Is my credit rating in Canada affected by what happened to me in the US? Posted from: Ontario

What is considered `work tools`

Hello, I`m considering bankruptcy in BC. I am self employed and work has dried up. I have been reading that I am allowed to keep some tools, but I am curious what that includes. I am currently a house painter, but am hoping to switch to an audio engineer. This means I have began to […]

Joint Ownership

I have title to a house and one investment property but I never contribute to the ownership of these assets since I do not work. My name was simply added on the title of these properties by my husband. I have a gambling addication and incurred over $100,000 in credit cards and personal debts that […]

banckrupcy

my name is on the the tittle with my comon-law husband to our house and it still has a high mortgage on it. I am finacilly strapped and am thinking of applying for personal bankrupcy. can i still apply with out the house being touched. Posted from: British Columbia

home

we own our home is ass.for45,000. we are thing about bankruptcy. because of business debt of about 220,000. we have 3 kids. will we lose our home ? Posted from: Nova Scotia

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