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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bankruptcy court 2008-03-06 22:02:16 I have been bankrupt since 2005 and am going to bankruptcy
court this month - my trustee has provided little information as to what to expect - how long can they collect surplus income from me - we have made good money but they haven`t asked for any income from us yet - could this [...]
credit ratings after bankruptcy 2008-03-06 14:09:54 My husband I filed joint bankruptcy
. We each had some small debts in our names only but the majority were joint. We had no student loans or car payments that we were making (nothing that carried through the bankruptcy).
We each applied for a secured mastercard. My husband was approved for a $300 [...] Read more:credit
injury settlement received after 2008-03-06 09:07:44 We filed for bankruptcy in Jan 2004 and after 9 months were given a conditional order of dicharge pending an outcome from WSIB. The order states a discharge if determined there are no loss wages from during the time of bankrupsy. My husbands claim is for loss wages from aug 2001 till Mar 2004, therefore [...]
Spouse 2008-03-05 23:22:11 I am looking at the Application to go Bankrupt - Why must you identify the name of your common-law spouse if they have nothing to do with the Bankruptcy? What I find even more alarming - Is on the Statement of Affairs that is sent out to all Creditors which is also a matter [...] Read more:Spouse
No title 2008-03-05 18:32:47 I just took out a mortgage 3 months ago, i got $20k in credit card bills, i got $18k in student loan, and just spent $12k on electronics. i can`t make any of my payments,if i file for bankruptcy can i get charged with frod.
Amount of Debt 2008-03-05 14:01:33 Does the amount of debt affect the chances of receiving a 9-month automatic discharge? I`m in debt $150,000 to about 10 credit card companies. Will some of these financial institutions oppose my bankruptcy because I owe them over $10,000 (owe $17,000 to one)? Does more and higher debt mean higher chances of having your bankruptcy [...] Read more:Amount
Payment Distribution 2008-03-05 11:10:38 Hello,
I filed bankruptcy over a year and made income surplus payment for 9 months. On top of that I had made a payment so that I can get discharge (conditional discharge).
My question is, how is total of payment is distributed to the creditors? Equally or based on the amount that I owed them?
I know some [...] Read more:Payment
home ownership 2008-03-04 22:25:47 if you file for bankruptcy can you still keep your home
Basic Question 2008-03-04 19:27:10 My question is more of a general question. I will be forced to file for bankruptcy in the next week due to one large debt. Other than this one I am financially doing good.
I am terrified of filing and wish I did not have too. In general, is the next [...] Read more:Basic
, Question
prepaid mastercard 2008-03-04 19:07:39 I have a question regarding a recent post about a pre-paid Mastercard. I`m confused as to why this would need to be turned into the trustee - it is NOT a credit card. It is a card that you put money on and you can spend what you put on, similar to a [...]
length of bankruptcy 2008-03-04 15:08:57 I claimed bankruptcy
in 2005…took a year to get to court because ex objected. Two other debtors did not object. At the discharge hearing, the registrar asked ex how long I should pay. She said ten years. I have never received anything official from the court….just told [...]
re-activated student loan 2008-03-04 14:45:46 i went bankrupt in 05-1994, was discharged from that bankruptcy 02-1995. Included in my bankruptcy was a BNS student loan. i assumed that it was discharge, as my trustee had indicated, in 2005 when i started getting phone calls about this loan. i have not attended any courses since 1996 (was my [...]
Coming back to Canada 2008-03-04 13:52:10 Hey there,
I am a Canadian Citizen. I filed Bankruptcy in 1998 and moved to the US in 1999. I will be moving home soon. I cannot recall ever having received a discharge notice. How do I find this out, and how do I check my credit rating before I come [...] Read more:Canada
Money from wedding social 2008-03-04 09:54:51 My fiance and I live in Manitoba. I have just filed for bankruptcy. In Manitoba, it is somewhat traditional to have a wedding
social prior to the wedding - our social is planned for the summer. The idea of the social is to help pay for the cost of the wedding. [...] Read more:Money
Regarding Surplus Income 2008-03-04 08:45:10 Will I be required to pay anything ?
I lost my job a few months ago. I am not working.
My wife works and has a $65K annual income (gross).
Is there any surplus income in this scenerio ? Will either myself or my wife be required to pay any surplus income ?
She works and I don`t [...] Read more:Income
, Surplus
CPP & OAS Pensions 2008-03-03 17:48:52 Can I keep my government pensions after bankruptcy in Ontario
Div 1 Proposal 2008-03-03 11:55:04 Lets say I have 10 Creditors - each one I owe 10K - that totals 100K owing. I offer .20 cents on dollar - Question - If only one creditor votes and the proposal is accepted - do the other creditors who did not vote - are they entitled to there share? What [...] Read more:Proposal
spouse, bankruptcy and privacy 2008-03-03 07:04:39 My husband and I have always kept our finances separate and now that I`m considering declaring bankruptcy
he is even more adamant not to be involved. He refuses to disclose his income….what should I do? He insists that the `Privacy Act` protects him from having to disclose. Is this true?
Paying Off 2008-03-02 17:40:21 Can a family member, such as a parent, pay off a consumer proposal debt for their family member? If so, who should the cheque be made out to, and does this have to be discussed first with the firm that handled the consumer proposal?
Prepaid Mastercard 2008-03-02 06:30:49 I have just recently filed for bankruptcy and have a pre-paid mastercard through money mart that I didn`t advise my trustee of as I didn`t find it necessary. It is just that..prepaid..there is no credit extended to me. Before I use it, I am able to keep it right? Read more:Prepaid
Is it fraud? 2008-03-01 18:08:01 If someone filed bankruptcy and after making the claim they move out of their house, leave their 5 children in care of their spouse, start a relationship with someone new, keep the vehicle and not give it to the spouse and also claim Canadian Child Tax benefits for the 5 children under their name when [...] Read more:fraud
How Long? 2008-02-29 20:43:58 I was nailed by CRA this week for past taxes. I delayed and put them off as long as I could. They have now hit me with over $75,000 in back payments. This week they garnished my paycheck and froze my bank account.
The trustee I need to see is not [...]
Excess Income 2008-02-29 20:39:15 Every two weeks I travel 7 hours by car to visit my children. I have to pay for gas, hotel, entertainment and other expenses which cost around $700/month.
When the calculation is done to determine my excess income and payments do they take into account these expenses?
Thanks Read more:Excess
, Income
House Payments 2008-02-29 20:35:12 I will be filing soon.
Common Law wife and i have a house. We bought it about 7 months ago. It is 100% in her name. The mortageg payments come out of her account. As I understand it, the trustee should not consider it an asset of mine and it should be [...] Read more:House
Proposal accepted by default??? 2008-02-29 13:50:56 I put forth a division 1 proposal with my trustee to 5 different creditors. Only 1 voted, and accepted the proposal. The others, including a bank to which the vast amount of my debt was owed, didn`t event send in a vote (yet alone attend my creditor`s meeting today). Is this normal? Why wouldn`t they [...] Read more:Proposal
Credit Cards 2008-02-29 09:33:45 I will be filing for banckruptcy in the next week or so. I have a huge CRA debt of $82,000 for which they have denied deductions going back several years. It is to rid myself of this debt only. Other than this single debt I am doing well financially. This is a [...] Read more:Credit Cards
, Cards
Business Supplementary Credit Card 2008-02-29 09:28:33 My company is issuing supplementary Visa cards for the staff. Will my bankruptcy affect my ability to get one? Will my company find out about my bankruptcy? Read more:Credit Card
, Business
fraud 2008-02-28 20:02:01 how can you tell if a exhusband is lieing and has filed for bankrupcy to get out of paying = an moneys owing to bank mortgage so ex wife losed her home and support. did not file bankrucy until court order was issued. Read more:fraud
quests 2008-02-28 10:35:59 im considering filing for personal backrupcy , will my rrsp be taken, i have then with the bank, also can they touch my assets at home, it mostly credit card and a personal line of credit with the bank
if my rrsp will be touched can i remove them?
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