Archive for May, 2008

I have one real big queistion. I have heard that if you have a vehilce that is is in my name, is paid in full and is worth more than the $5k allowed in Alberta, Do I have to pay difference between the value and the allowable amount to keep my care. Does this happen […]

I have read on your`s and other sites that if you file for bankruptcy you automatically loose your child`s RESP. This is wrong and shouldn`t happen. This money is not for me it is for my childs education and I will not consider doing anything tha twould put these at risk. What are my options?

Hello,
I am single. Have no dependents, 45k in credit cards and small loans and 1 line of credit. I have no assets and only make $1500 per month. My questions are:
1. Does a discharge clear me of my debts entirely or do I have to pay a portion of it paid back.
2. Does it make […]

Can I use my credit card to pay my trustee bill before I go bankrupt?

My husband and I rjust bought a house and the sale just closed 3 weeks ago. We haven`t moved in yet, but will be at the end of the month. However, we have found that with the mortgage, taxes, and utilities pls groceries and daycare we cannot keep up with our credit cards and credit […]

2 questions
1 - if i have lived in 2 provinces and declare bankruptcy, do I have to have 2 trustees and pay them both or how does it work?
2 - if i do file for bankruptcy how much will it cost?

I am only 22 years old but I have serious money prowblems. There are 3 collection agencies calling constantly, each for different debts. I do have a full-time job, but it is not enough. I olso have an accoutn that is well into my over-draft protection.I need to know if I could file a proposal […]

Hello,
I am the director and primary shareholder of a small corporation. I have put a significant amount of my personal money in to the business to keep the doors open. The result is that I am liekly going to have to go personally bankrupt. As a director will I still be held liable for CRA […]

I am worried about my girlfriend and have some quesitons. She claimed bankruptcy about 10 months ago and did not pay the trustee fees. I think she still owes around $750 to the trustee. I have a few questions regarding the situation:
1. What are her options at this point?
2. Does this affect me in any […]

Both me and my husband and are going to have to file for bankruptcy. We are going to do this at the end of the month. I understand that for a family of four your wages are allowed to be $3339. Is that amount before or after deductions?
thank you