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

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

Job loss

I work in a bank if I claim bankruptcy will I lose my job? Posted from: Alberta

Bankruptcy

can i keep my boat when declaring bankruptcy? Posted from: Saskatchewan

RSP

Is a Daily Interest RSP account excempt from bankrupcy? Posted from: Alberta

My husband and I have had difficulties with lay offs for the last 3 years. We own a home that has maybe 15,000.00 equity. Unfortunately I owe 3 years worth of property taxes totally 12,000.00. I tried to get a second mortgage, no go. I have debt including the taxes of about 25,000. If I […]

Family members assets

If I go bankrupt what happens to my adult daughter’s assets? I am divorced and she stays on/off at my place. She is 19 years old and takes care of her own expenses. Her mother, who lives in another province has provided some money to her in the past. Daughter has 2 cars worth 8000 […]

help

i own my home ,am 66 year old widow .i get a pention ,this will run out soon ,i can no longer afford ,to make car payments ,don t know what to do ,after this year my monthy income will only be about 800.00 a month what can i do ? will i louse my […]

lose the car

i am bankrupt and now my spouse may have to also declare, we have been told by at least 3 people that if you have a child under 16 you cannot lose your car. we have a loan on our car and 3 kids, is it true the car is exempt even with the car […]

Will I lose my stocks in Bankruptcy

I intend to claim bankruptcy against student loans that I can’t afford to pay. I own stock in a company but they aren’t worth anything right now. Will I be allowed to keep my stock and still claim bankruptcy? Posted from: Newfoundland and Labrador

Home

will i loose my home ? if i claim Bankruptcy Posted from: Ontario

RESP – divorced bankrupt

How much will an RESP of a divorced bankrupt be liquidated? Will the whole thing be affected or just 50% as the bankrupt’s share of pay? Will there still be money in the RESP after the fact so the child can still go to secondary school, or the parent/s can still continue to contribute towards […]

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