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Unemployed
If you lose your job and are unable to pat any amount due to no income does a person lose pay when they obtain work again after bankruptcy?Labels: bankruptcy
posted by Questions @ 10:13 AM
0 comments
Posted on Thursday, November 26, 2009
Posted on Thursday, November 12, 2009
rrsps
Are RRSP's protected if I go bankrupt??Labels: bankruptcy
posted by Questions @ 5:23 PM
1 comments
Posted on Monday, October 26, 2009
Cost for business bankrupcy
I have been trying to do an orderly shutdown of my business, however my landlord is not willing to negotiate a settlement of any type.What is the cost to file corporate bankrupcy in Alberta? (or the cost-range).
Labels: bankruptcy
posted by Questions @ 1:53 PM
1 comments
Posted on Wednesday, October 21, 2009
Income of 4 and bankruptcy in Canada
Question: How much can a family of 4 make with going bankrupt in Canada? 2 adults 2 kidsAnswer: In Alberta, or anywhere in Canada, a family of four is permitted to have net income each month of $3,474. If your family income exceeds that amount, you have surplus income, and you are required to pay half of your surplus income into your bankruptcy estate.
For example, if the net family income was $3,874, you are $400 over the limit, so that month you would be required to make a surplus income payment of $200.
Your Alberta bankruptcy trustee can provide you with more details.
Labels: bankruptcy, surplus income
posted by Questions @ 4:00 PM
0 comments
Posted on Thursday, September 10, 2009
Leasing a Vehicle
If I file a consumer proposal or bankruptcy, does this mean I lose access to my vehicle too? I currently lease my vehicle.Labels: bankruptcy, consumer proposal
posted by Questions @ 9:38 PM
1 comments
Posted on Monday, August 24, 2009
Home after bank ruptcy
Can I buy the home after discharge from bankruptcy...I saw on home that is Condo and very small near to my rent...Labels: bankruptcy
posted by Questions @ 12:58 AM
1 comments
Posted on Thursday, July 30, 2009
bankruptcy on debts
If you declare bankruptcy do you still have to pay the debts off,or not. Are you free and clear.Labels: bankruptcy
posted by Questions @ 12:30 PM
1 comments
Posted on Wednesday, July 22, 2009
Bankruptcy
If you file for bankreuptcy, do you lose your old age, cpp and past employment pension. Also, if you have a term life insurance policy, can you keep it.Labels: bankruptcy
posted by Questions @ 2:22 PM
1 comments
Posted on Monday, July 20, 2009
Bankruptsy
Do you still get your old age and CPP pensions if you go bankrupt.Labels: bankruptcy
posted by Questions @ 9:05 PM
1 comments
Posted on Tuesday, July 14, 2009
GST Credit
I am quite confused. The GST credit is not considered property of the bankruptcy estate, and it is listed as federally exempt property as essential to the living needs of individuals, yet our trustee tells us that we will not recieve it. Please explain this for me.Labels: bankruptcy
posted by Questions @ 2:29 AM
1 comments
Posted on Monday, June 15, 2009
Income tax
Can you declare bankruptcy from the gov\'t? Example, maintenance payments, income tax.Labels: bankruptcy
posted by Questions @ 10:25 PM
1 comments
Posted on Sunday, June 07, 2009
Bankruptcy Question
My daughter and son-in-law separated June of 2008, she left him and he is living in their marital home, title in both names.He is now saying that he is going to claim bankruptcy and vacate the home.
He makes approximately $80,000/year, they own the home which is valued at about $130,000 and has a mortgage of approximately $120,000, perhaps a little less. The only other payment he has other than utilities is a vehicle payment. He owns a truck free & clear. They have two children 5 & 6. His child support is approximately $700 per month, house payment approximately $950 and vehicle payment is probably around $500. Can he claim bankruptcy and how can my daughter protect herself i.e. the house. The only debt she has other than her utility payments is rent.
Labels: bankruptcy
posted by Questions @ 11:20 AM
1 comments
Posted on Monday, May 11, 2009
wondering about working during bankruptcy
I\'m wondering about working during bankruptcy...I currently work 20 hours a week, and make around 2400 a month doing this. Would I be able to file for bankruptcy just working half time? And would they take my wage into consideration? I make a lot, but can only get so many hours at my work....Labels: bankruptcy
posted by Questions @ 1:56 PM
1 comments
Posted on Friday, April 24, 2009
Government debt
if my biusiness goes bankrupt and We owe the Back GST and Employee premiuns to the federal govt. will it affect us personally/Labels: bankruptcy
posted by Questions @ 3:42 PM
1 comments
Posted on Thursday, April 23, 2009
secured debt
What happens to a secured debt in backruptcy if it is worth less then you owe? We just bought a holiday trailer over a year ago and since then our incomes has dropped aprox $30,000 a year. We are now struggling to keep up, and selling would make us still owe money on it right now. What would happen to it if we had to claim bankrutcy? What about a proposal?Labels: bankruptcy
posted by Questions @ 10:16 AM
1 comments
Posted on Friday, March 13, 2009
Co-signers
What happens to the person or persons that co-signed loans for me. Does my bankruptcy affect their credit?Labels: bankruptcy
posted by Questions @ 3:45 PM
1 comments
Posted on Thursday, March 05, 2009
Line of Credit
I have a line of credit which was cosigned. If I declare bankruptcy can any amount outstanding on the line of credit be exempt from the bankruptcy so the bank does not come back on the cosignor? In other words if I can keep paying payments on it will it keep the bank from calling this line from the cosignor?Labels: bankruptcy
posted by Questions @ 11:27 PM
1 comments
Posted on Monday, February 16, 2009
Home foreclosure
I declared bankruptcy but kept up my mortgage payments. I\'ve now lost my job and can no longer afford the mortgage payments. The bank said there isn\'t enough equity and there will be a loss when it sells. Does my bankruptcy still cover this anticipated debt or will I be responsible for it.Labels: bankruptcy
posted by Questions @ 3:06 PM
1 comments
Posted on Saturday, February 07, 2009
keeping your house
If I was to claim bankrupcy right now my house is not worth more than the mortgage in fact a little less can I keep the house if I keep paying the mortgage?Labels: bankruptcy
posted by Questions @ 3:33 PM
1 comments
Posted on Thursday, January 29, 2009
corp bankruptcy
I\'m the director of a small corp and CRA has now deemed it a personal service business ? They did a audit and want $120k in corp income tax and about $22k in GST what is the director\'s liability ? The biz has 1 employee and is my spouse very little other debt. ??? If the company closes what is the downside or liability to the director regarding the corp tax and GSTLabels: bankruptcy
posted by Questions @ 5:33 PM
1 comments
Posted on Sunday, January 11, 2009
About filing
I have a condo that I can\'t pay its mortgage anymore. Should I stop paying the condo fees as well before and after I file for bankruptcy? And do the payments amount that I would have to pay to the trustee is revisable on a monthly basis depending on change in my salary, or is it determined at the begining of the filing and to be kept constant?Labels: bankruptcy
posted by Questions @ 12:58 PM
1 comments
Posted on Friday, December 12, 2008
Business Bankruptcy
If my business goes bankrupt how will that affect me personally?Labels: bankruptcy
posted by Questions @ 8:21 AM
1 comments
Posted on Wednesday, December 03, 2008
recreational vehicles
In bankruptcy, do you have to turn over items such as a quad or snowmobiles, they are over 10 years old and wouldn\'t have much market value I wouldn\'t think.Labels: bankruptcy
posted by Questions @ 1:45 PM
1 comments
Posted on Tuesday, October 14, 2008
Alberta former residency/now Ontario resident
I am a former resident of Alberta and have gone through an ugly divorce. I am facing some legal battles in Alberta. The matrimonial home is still in our joint names. I no longer live in Alberta and haven\'t for 2 years. I now live in Ontario and am re-married. If I claim bankruptcy in Alberta will it get me out from these legal claims? How will it affect what is happening in ONtario? Do I have to claim bankruptcy here in Ontario as well? Thank you.KT
Labels: bankruptcy
posted by Questions @ 4:25 PM
1 comments
Posted on Wednesday, October 08, 2008
Child support
I was wondering if child support is considered as income when applying for bankruptcy?Labels: bankruptcy
posted by Questions @ 12:55 PM
1 comments
Posted on Tuesday, September 23, 2008
property outside Canada
If I rent an appartment abroad 5months a year and own an older vehicle abroad, do I lose that as wellLabels: bankruptcy
posted by Questions @ 8:33 PM
2 comments
Posted on Friday, August 15, 2008
2008 income tax return (will I still get a refund)
I always get a refund of at least $1500.00 if I claim bankruptcy in 2008, will I still get a refund?Labels: bankruptcy
posted by Questions @ 6:20 PM
1 comments
Posted on Sunday, August 10, 2008
bankruptcy protection
We are overwhelmed with debt with no way to make all the payments. We have already been threatened with seizure of equipment such as tractor trailer. stepdeck trailer, lowbed trailer and a dodge pick up. We are also being sue for $248,000 for a tractor trailer that was repossessed. Is there a way we can file for bankruptcy protection? Thank YouLabels: bankruptcy, consumer proposal
posted by Questions @ 8:30 PM
1 comments
Posted on Thursday, August 07, 2008
Personal Bankruptcy
If you declare personal bankruptcy and you are a co-owner of a company that has been in business less than 1 year, how does it affect the business?Thanks,
Labels: bankruptcy
posted by Questions @ 8:08 PM
1 comments
Posted on Wednesday, May 14, 2008
banrupcy /possesions
if your are living with your daughters father because of child but hes only a roomate does it affect his possesions?Labels: bankruptcy
posted by Questions @ 10:34 AM
1 comments
Posted on Friday, May 02, 2008
personal bankruptcy
If I rent the basement of my mothers house can they come after her and make her sell her house?She bought and paid for a car which I drive 9 years ago can they seize it?
Labels: bankruptcy
posted by Questions @ 3:50 PM
1 comments
Posted on Friday, April 18, 2008
Can I file without husband or an income?
I have about 30K in credit card debt. I have zero income right now as I just finished maternity leave and have a second child due in 2 weeks. (the 2nd was not planned or expected) My husbands income barely covers necessities never mind minimum payments. Can I claim bankruptcy without him? How would payments be worked out if I can\'t work? (due to being pregnant and a mental condition) We tried for a consolidation loan but we were denied. Is bankruptcy an option?Labels: bankruptcy
posted by Questions @ 1:13 PM
1 comments
Posted on Wednesday, April 16, 2008
work truck lease
can i keep my leased work truck as it is neccesary for my job as a contractor and my only vehicle, i do not own any vehicle at all, the lease is in its early stages and i deem a worthy modest business expense going forward,also i have no means to buy a cheap used truck if i return the truck to the leasing company,i\'m considering bankruptcy or a proposal. also if i go bankrupt and return the truck can i lease another truck right away AFTER bankruptcyLabels: bankruptcy
posted by Questions @ 12:46 AM
1 comments
Posted on Sunday, March 09, 2008
Discharge
I have completed all the requirements from my bankruptcy. This is my first bankruptcy. Now the trustee is going to file for my discharge.How long does a discharge take???
Labels: bankruptcy
posted by Questions @ 3:08 PM
1 comments
Posted on Thursday, February 07, 2008
3rd bankruptcy
i filed 22 years ago and 15 years ago, do i have to mention those if im forced to file a third time. whats going to happen if i file a third timeLabels: bankruptcy
posted by Questions @ 8:23 AM
1 comments
Posted on Thursday, December 13, 2007
Is it limit of discharge on consumer bankruptcy?
Proposal up to $75000, Is it limit of dischsge on bankruptcy? What if I owe more than $75000 including student loan? In case of personal bankruptcy.Labels: bankruptcy, consumer proposal
posted by Questions @ 10:02 PM
1 comments
Posted on Sunday, November 11, 2007
chirstmas bonus
if you recieve a bonus from your boss does this have to be included in your income and if so what happens to it, are you allowed to keep itLabels: bankruptcy
posted by Questions @ 2:12 AM
1 comments
Posted on Friday, November 02, 2007
Bankruptcy
Is it possible to go bankrupt in Alberta when money is owed to an insurance company in B.C for a vitality caused by a motor vehicle accident in B.C?Labels: bankruptcy
posted by Questions @ 5:32 PM
1 comments
Posted on Saturday, July 07, 2007
Proposal and Bankruptcy in Alberta
Question: My husband filed a consumer proposal 2 years ago. I chose not to as I felt I could pay these debts. We are now in a situation where we can't meet our monthly obligations, never mind the debts I owe. What is the best plan now? We owe over $46,000 (including proposal). Is anulling the proposal and filing for bankruptcy an option?Answer: You and your husband have three options.
First, he can continue on with his proposal. You could then file your own consumer proposal, file bankruptcy, or deal with your debts in some other manner.
Alternatively, your husband's proposal could be annulled, and he could file bankruptcy. Your options remain the same.
It is not possible to annul a proposal and then file another one, unless you have the prior permission of the bankruptcy court, so in your case that is not an option.
These are complicated decisions, so we suggest you contact an Alberta bankruptcy trustee to meet with you and review both you and your husband's situation in more detail to determine which option is best for both of you.
Labels: bankruptcy, consumer proposal
posted by Questions @ 12:04 PM
0 comments
Posted on Tuesday, January 23, 2007
Monthly payments
Wha happens if I file a consumer proposal or a bankruptcy and have troubles paying my monthly payments to the trustee?
Labels: bankruptcy, consumer proposal
posted by Questions @ 5:26 PM
1 comments
