Archive for December, 2008

Ask a Trustee

Saturday, December 13th, 2008
    QUESTIONS? ASK A TRUSTEE.

Ask us your bankruptcy question

If you cannot find the answers to your questions on our FAQ page or elsewhere on our site you can click on the map at this link and ask any of the trustees your question.

If you would prefer, you can ask me your question by clicking on “Comments”, below and filling in the comments box. This service is confidential as your email address will NOT be displayed anywhere on your post.

Your question will be answered the same day.
Bookmark this page so you can check back for your answer!

IMPORTANT:
We can answer general bankruptcy questions. Specific questions probably cannot be answered because bankruptcy is complex and many questions cannot be answered without having full financial information. This is the purpose of the initial consultation with a trustee which takes approximately one hour.

A number of people have asked detailed questions on how to get around the fact that they lied on a credit applications or some other form of misrepresentation in order to get credit. We cannot answer these questions as it would not be proper. Trustees are officers of the court and cannot give advice on getting around the law.

Please don’t ask us questions if you already have a trustee. Your trustee knows all your financial information and can give you better answers than I can.

Please keep your questions down to one or two, at the most. If you have more questions than that you probably need an initial consultation with a trustee which takes approximately one hour.

Please do not ask for a legal opinion. If you want a legal opinion you will have to consult a lawyer.

Posted in Ask a Bankruptcy Trustee | 4,199 Comments »

Canadian Insolvencies Increase by 22.4% in October, 2008

Thursday, December 4th, 2008

2007 Bankruptcy Statistics

Canadian Insolvencies Increase by 22.4% for the Month of October, 2008 compared with the Same Month in 2007.

Consumer Bankruptcies were up 22.8% compared with the same month the previous year.

Business Bankruptcies were down by 3.3% compared with the same month the previous year.

Proposals were up by 27.2% compared with the same month the previous year.

For the 12 months ending October 31, 2008 Insolvencies are up by 8.9% compared with the previous year; (2008:118,498 - 2007:108,769)

Provinces with Double Digit Changes in
the Insolvency Rate in October, 2008
compared with October, 2007.
Province

% Increase
(Decrease)
NL 35.4
NS 18.0
PE 60.6
QC 15.7
ON 23.9
MB 30.4
AB 42.3
BC 32.3

For more information and more detailed analysis please refer to this site.

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