Owner: Bankruptcy Canada Blog URL:http://www.bankruptcy-canada.ca/bankruptcy/ Join Date: Tue, 30 Oct 2007 15:59:34 -0500 Rating:0 Site Description: Experts answer questions from the public about Bankruptcy, Student Loans, Credit Repair, Bankruptcy Alternatives, Money Management, and Consumer Proposals for Canadians.
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Income tax return 2008-02-18 12:55:55 I claimed bankruptcy in February 2006. I was discharged in January 2007. In April 2007, an accountant did my 2006 taxes. I owed $2700, which I have paid. In May 2007, my trustee contacted me to advise that they should have done my 2006 taxes (pre and post bankruptcy for that year). I submitted all [...] Read more:Income
law suits 2008-02-18 12:06:41 Does bankruptcy absolve you from paying :
1. a monetary judgement against you in BC
2. or any amount that is in litigation in BC
land ownership dispute 2008-02-18 09:47:30 What happens with any monies that is locked in a courts trust until the court decides ownersip of the sold property, if one party files bankruptcy?
Will helping my sister be a problem? 2008-02-18 09:30:58 My sister
has moved abroad but still has a lot of bills to pay in Canada. What we`ve always done is, she sends me money, and I pay all of her bills for her. This amounts to about $2000 coming in and out of my account every month - money that is in [...]
personal items allowed to keep 2008-02-18 08:14:08 For items allowed to keep, what about personal items such as children`s toys, or basic camping equipment we own (eg: tent, mattresses, etc)? In Manitoba, what is considered `sentimental items`?
Laws on joint vs. separate filing 2008-02-17 16:20:56 Hi, my common law spouse and I will be looking at filing for bankruptcy. We are not married and have never filed joint income tax returns. Our problems are due to consumer debt and the fact that we own a mobile home that was worth $90000, but is now unsellable as the trailer [...] Read more:separate
Financial Aid to a bankruptcy friend 2008-02-16 19:43:29 If I give a money gift to someone who has declared bankruptcy
, do they have to report that as income? What is the best way to help out a friend
financially, in this situation? Read more:Financial
when bankrupt for the second time 2008-02-16 15:17:54 After bankruptcy proceedings are complete and I am dutifully meeting all my financial obligations including a payment of 600.00 per month,can I invest in the stock market. The money used would be a portion of the 50% I am allowed to keep from my new job. The 600.00 comes out of my pension [...]
can`t pay anymore 2008-02-16 05:24:49 I have a credit line of $18,000. and one $10,000. also a perdonal loan that is now $7,500. and 2 credit cards totalling $14,000.
All this together is around more than $50K
So far I have always paid my monthly dues and never been late, however i can`t anymore
What can happens if i just stop paying all [...]
propose a deal 2008-02-15 15:25:14 I have `Indebtedness To The Bank Of Montreal` some $30 000. Can I propose
a deal were I pay 60 cents on the dollar?
small claims law suit 2008-02-14 09:10:30 just wondering i am in ontario…if i am sued in small claims
and don`t attend, I know they will get a default judgment. But, afterwards will they go for `an examination hearing?` Is that typical? I am concerned because if one does not attend an `examination hearing`, I understand one can [...]
Co-Signer 2008-02-13 16:45:38 My Mother co-signed for furniture for me, but she recently paid off that loan just to get rid of it. I now pay her monthly. Will me filing bankruptcy affect her rating still and if not, will she need to know about it?
Need help….Fast! 2008-02-13 16:37:06 I have taken a job loss due to relocation. I work 2 days a week and cannot afford my monthly payments on credit cards and student loans. Total debt owing approx. 16,000.00. I do not own a house. It is in my spouses name due to my bad credit rating. Will filing bankruptcy affect my [...]
Rentes in house 2008-02-13 14:36:05 I have renters in my house. I am going to claim bankruptcy, what are the procedures that the bank will take and how long do the renters have to stay in the home
Royal Assent > Proclamation > Law ? 2008-02-13 11:51:04 Bill C-12 received Royal
Assent but has not become active law and no anticipated date has been given by the government as to when that might happen. Now it only requires proclamation by the Governor-in-council to come into force which was supposed to be only a formality. Any word on this proclamation ? What [...] Read more:Proclamation
Bankruptcy 2008-02-13 07:04:36 I was wondering how the equity on my house would be calcultated.
Here are some details:
The value of the property: $340,000.00
Remaining mortgage: $312,261.43.
Term remaining on the mortgage: 3 years 3 months
The outstanding property taxes: $5,000.00
I really appreciate it if could please let me know the approximate equity on the house based on the above information and [...]
How to 2008-02-13 06:21:51 How do i file for bankruptcy
Credit report 2008-02-12 23:59:06 I was dishcarged from my first bankruptcy in 07, 2000. And I was discharged from my second banckruptcy on 11, 2003. Why would my first bankruptcy still shows on my credit report
from Equifax ? Thanks
Credit Card in Bankruptcy 2008-02-12 22:40:03 This may be a stupid question, but is there any way to keep a credit card during bankruptcy? I`m just having trouble with my student loan debt. I have no other debt, and my VISA card track record is perfect. Read more:Credit Card
co signer for loan 2008-02-12 18:28:50 Is co-signer liable for unsecured credit line, if the co- signer didn`t spend the money?
Business Credit Card 2008-02-12 17:46:49 I have about $72000 in debt, I lost my job I think I will file for bankruptcy My question, I had incorporated the company few years ago, closed down 1/2 years ago Still have business card my name on it Because after
i closed business i called credit company they told me [...] Read more:Business
9 months in bankruptcy 2008-02-12 13:29:39 I live in ontario.
I have about $145K in taxes/interest/penalty for the past 6 years. I have applied for Consideration and got some relief.
I also have about $50K in credit card debt.
I have NOT been working for the past 6 months and I am NOT currently working. My wife is basically supporting [...] Read more:bankruptcy
Credit card WHILE bankrupt 2008-02-11 22:45:41 If I am able to get a secured cedit card company to give me a card while bankrupt, am I within my write to do so under the law?
tax refund 2008-02-11 15:50:05 after filing bankruptcy can I keep my tax refund?
income tax debt 2008-02-11 14:34:31 if i file for bankruptcy will this take care of income tax?
Paying Trustee fee 2008-02-11 11:27:46 I reside in Ontario.
Assuming I am not working and have no assets to speak of, what amount do I need to pay the Trustee that will process my bankrupcy ?
DO I have the option to pay the whole amount at one time or do I need to spread it out during the 9 months that [...]
Bankruptcy after the court has removed your trustee 2008-02-10 22:52:37 What happens after the court has removed
your trustee?
What is the next step?
Does this ever come off of your credit report?
Can you pay your creditors on your own?
Do you need to get a new trustee to start all over?
Bankruptcy Duties 2008-02-10 22:48:12 What happens if you do not fullfill all of your Bankrucptcy obligations?
i.e credit counselling, paying your trustee etc.
when do i need to say i have went bankrupt a second time 2008-02-10 21:22:52 If i went bankrupt 30 years ago do I still need to declare that to the bankruptcy trustee?
How long does the gov`t keep this info on file?
Thanks
Chris
concerns about what courts may consider `studies` 2008-02-10 13:56:42 This year it will have been 10 yrs since I graduated from the University program for which I received two student loans. Since that time I took two brief courses, in two different schools, (both colleges), one 3 month part-time session in 1999, the other: a one month full-time program in 2005. I am concerned [...] Read more:courts
, concerns
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