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

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

Will I lose gifts?

I bought some Christmas presents, value between $20-250, on a store credit card. When I file bankruptcy, will the creditor demand them back? Posted from: Saskatchewan

Buying a car while bankrupt

Assuming I lived very frugally and could put some money aside during the bankruptcy period, would I be allowed to purchase (and keep) a used car while bankrupt? Posted from: Saskatchewan

We transferred ownership of our house 2.5 years ago. The house is now in my husbands name. I am planning on declaring bankruptcy. Will this situation affect our home? Because of my work situation I have to declare personal bankruptcy. I am self employed. Bankruptcy debts are $130,000. Posted from: Ontario

Ex husband wants to file for bankruptcy

Hi, I`m a single mom and have been separated for 2 years. My issue is that my ex wants to file bankruptcy with his common law girlfriend. How will this affect me?? We are not legally divorced. He does pay half of the car loan(I have the car) and we had a furniture credit card […]

Bankruptcy

What do i keep in NB Posted from: New Brunswick

Can I keep my car?

I recently bought a used car in Aug/08. Its a 2004, I bought it for $7000 but, with insurance and interest my loan is for $18,000. Now my question is, will I be able to keep my car? I HAVE to have it for work so, I`m nervous. I have made all the payments and […]

House and Secured Line of Credit On Mortgage

About 18 months ago I added a $175k Home Trust Visa that was secured and registered on title to my mortgage. My first mortgage and this mortgage are fully current – my issue is that I am facing bankruptcy and I have $275k on my first mortgage and $175k on title as security. If I […]

I am filing bankruptcy, will this effect my husbands credit

I am filing bankruptcy for my business which is in my name only will this effect my husbands credit and can they come after our personal assets such as house cars? Posted from: Manitoba

secured vs unsecured loans

I have unsecured debt of approx. $50,000 and a secured auto/personal loan with $10,000 remaining. I have paid this loan faithfully and on time (as I have with all of my other debt) until now. Question: I am suddenly without work and need my car to secure work — will the bank re-possess the vehicle […]

Pension

What happens to my Canada pension , CPP/OAS after bankruptcy ?. Can I still recieve payments ? Posted from: British Columbia

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