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

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

$9000 equity of house

My trustee promised my ex wife and I $9000 equity from the sale of our house each? The law firm never paid it to either of us ? Why Posted from: British Columbia

Canada Bankruptcy and Florida Property

I would like to know if when filing for bankruptcy while living in Ontario do i have to disclose that I own a property (a house) in the state of florida? do I have to name this as an asset? Posted from: Ontario

Effect of bankruptcy on CPP and provincial disability pensions, and also on EI benefits

Will declaring bankruptcy impact CPP Disability Pensions, as well as provincial disability pensions, and will it affect ‘regular’ EI payments? Posted from: British Columbia

Can a couple declaring bankruptcy keep their jewelry?

Can a couple declaring bankruptcy keep their wedding rings, or other pieces of jewelry with sentimental value? Thanks. Posted from: Alberta

What About My Inheritance?

I recently declared bankruptcy and last week received news that my aunt passed away. While we aren’t sure the exact provisions of the estate yet it it likely I will be coming into some significant money from it. Obviously most of this will go to pay my debts but what will happen if there is […]

Life Insurance

If I have a Whole Life Insurance policy that has some cash value, why would my Trustee want to see my policy? Can they force a cash out and then I would loose my policy. I would never get a rate like I have since I have had the policy for over 10 years. Posted […]

Co-owning property

My husband co-owns a piece of property in New Brunswick that was left to him and his brother after their mother died. Can this be seized if my husband were to declare bankruptcy in Ontario? Posted from: Ontario

MRS>

My wages have been garnisheed by 20% for a debt owing of 149,000 on a previous owned business. Can i file business bankruptcy and keep my house ? My house has a mortgage owing of 104,000 on a first mortgage and a second mortgage of 20,000. The house has been appraised at 130,000. Would i […]

car lease

My husband and I both lost our jobs and have been living on unemployment until recently he found a job and my unemployment ran out, the bills have just been pilling up and we have debt collector calling 5 times a day, we have about $12000.00 in debt on credit cards and we have a […]

work pension

On behalf of another person I am asking what happens to a person’s work pension. The person will keep working during bankruptcy but is worried he will lose his work pension that he is not using in his present stage of life. Posted from: British Columbia

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