Archive for the 'Bankruptcy' Category

I work for the provincial governemnt. I have for 23 years. If I declare bankruptcy is my pension exempt? Can my creditors come after my pension?

My common law and I have lived together for just over a year. He is looking at filing a bankruptcy. This bankruptcy will be only in his name, we have no joint accounts, no joint debts, we simply live together and share expenses. Right now I have exceptional credit, my beacon score is healthy, my […]

I have a limited company here in alberta. I have about 25k in tax debt, another 40k i owe to suppliers, a line of credit for about 20k. The corporation has no assets, do I need to file for Bankruptcy?

I am looking at filing for personal bankruptcy. For your reference, I am married and own my own home. My wife is listed jointly on the house and I am worried about the impact that this would have on my wife and the house. Do you think I could just have my named removed from […]

If i file for a bankruptcy am i allowed to get a passport and travel out of Canada? Even if I filed a bankruptcy?

I am looking at filing either a bankruptcy or a consumer proposal (but I can`t decide). The one thing I can`t find on this site deals with traffic fines. Can these be cleared by filing a bankruptcy or a proposal?

I just got notice of a garnishee. I know I owe the money, I can`t dispute that, I can`t pay the bills, so I figure I have only one choice. I must file a bankruptcy so they can`t garnishee my pay check. My two questions are first the bankruptcy prevents the garnishee, right? My second […]

I am $150k in debt. I have an extrodinary credit history as I have never missed or even been late for any payments. I am considering a proposal and I was wondering if my impeccable credit history will increase the likelihood of my creditors accepting the proposal. Thanks.

If I was to claim bankruptcy how would this affect my childrens RESP. I have invested them through the Canadian Scholarship Trust Fund.
thanks!

I have a friend who told me that I can`t file bankruptcy on outstanding taxes. Is this right?
They also told me a bankruptcy would last for 7 years, is this true?
Thanks for your help!