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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

House

I am unemployed and have credit card debt. The debt is in my name not my spouses. She has been able to carry everything but these cards. If I go bankrupt and she doesn’t what happens to the house. There is some equity in it. Posted from: Ontario

cars

As family of 4 we have two cars one is financing and other one fully paid for it and its worth more than $ 6000. First car that im financing i cant make the payments anymore second car worths more than $12000.If i sell the second car and get two cars less than $6000???? Posted […]

What options do I have

I have a home that I don’t live in and have had it for sale for more than a year. I have a truck loan through ford credit that I can’t afford to keep and have tried to make an arrangement for return or reduction in monthly payment. I have recently lost my job and […]

Child Tax

does cp or bankrupcty affect your child tax? Posted from: Ontario

RESP exempted from bankruptcy

I want to know that if I can keep the RESP account for my son if I am filing bankruptcy…is this exempted? Posted from: Ontario

What happens to my cars?

Hello hoping I can get some clarity here. We had our house foreclosed back in September 2012 and we just recieved notice that there is a balance owing of over 20.000. We lost our home due to job loss I am currently recieving EI and my wife is on disability. We have 2 vehicles which […]

Exempted property

Ihave been told my home equity is open to my creditors while my car is not. A source in Alberta suggests the opposite is true, that my equity in my home is off limits but my car is subject to seizure. What is true? Posted from: New Brunswick

ms

if i have credit cards with no balance ..do I keep those ..or do i cancel them.? Posted from: Ontario

car

can i keep my car if i file bankruptcy Posted from: Ontario

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