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QUESTIONS? ASK A TRUSTEE.
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.
that was in response to the question by worried.i had the same question.
Jenn: Directors’ tax obligations are erased in a personal bankruptcy.
Phu Sy: Sorry but we do not give advice.
Anthony: The house sale may be in jeopardy but one would have to know your financial situation now and at the time of the sale as well as review all the documents. I suggest you consult an insolvency lawyer on this matter.
Teresa: Our bankruptcy predictor will let you know if you can file bankruptcy or a proposal. Please refer to:
http://www.bankruptcycanada.com/bankpred2.htm
My trustee told me that any lottery winnings I may get during my bankruptcy goes to her to divide among my creditors, but what about contests for goods? Say I entered a contest and won a $3000 computer or something like that, would I get to keep it?
Andrew: You cannot keep any winnings, whatever their nature.
my question is I declared bankruptcy and then 3 mnths into it i was out of work and had to move around consequently never paid trustee and was never released how do I rectify situation ,
thank you
Morris: Contact your trustee to find out what you must do to get your discharge.
I am co-owner on a mortgage. If I file for bankruptcy would the house have to be sold, or could the mortgage be changed to the spouse’s name only?
Hi, my common law partner has abut 60K unsecured debt, mostly credit cards debt, and about 20K in student loan. I have a house that’s under my sole name, We were together for 5 years now, legally she is entile half of my house. I have two questions: first, it had been 6 years since the last day of her school, if she file for bankruptcy, will the student loan be erased as well. Second question, can her creditors force her to sell my house and pay for the debt? Thank you very much for your reply in advance.
Hello,
My question is:
WILL I BE ABLE TO KEEP MY HOUSE?
I am on a small disability Canada Pension under $700.00 per month. I own a home and have a mortgage approximately $70,000.00. the house is probably worth 350,000.00. I supplement my income by renting part of the home, however through the years tenants caused a lot of damage.
In order to make my home liveable again I hand to spend thousands of dollars in renovations and repairs.
I’ve been hosting international students instead of renting. However, the food costs have risen dramatically.
I’ve been working so hard trying to meet my payments, I have not even gone to the dentist in more than 2 years, although I really need to go.
Lately my health has taken a turn for the worse and I don’t know what to do. I’m becomming depressed because I’m unable to cope and physically not strong enough to keep up with the work involved.
I haven’t been able to pay for the telephone, and most of the utilities.
My question is: Will I be able to keep my house?
can my ex-husband claim alimony in his filling for bankruptcy and not have to pay me the alimony from our divorce?
Gloria: Your province gives the equity in a home you can keep in a bankruptcy. Please refer to:
http://www.bankruptcycanada.com/bankruptcyexemptions.htm
Jacky: Your house will not be part of her bankruptcy. Student loans can be erased in a bankruptcy if the person has been out of school 7 or more years.
Please refer to:
http://www.bankruptcycanada.com/PropChngsBIA.htm and
http://www.bankruptcycanada.com/question1.htm#d
Fatima: Your province gives the equity in a home you can keep in a bankruptcy. Please refer to:
http://www.bankruptcycanada.com/bankruptcyexemptions.htm
Teresa: Alimony cannot be erased in a bankruptcy.
I am a canadian citizen living in Dubai, UAE as a non-resident. Can I file for bankruptcy in Canada because I can no longer make my house payments? What happens if I return to Canada?
Chad: You may be able to file a Canadian bankruptcy while living abroad. Please refer to:
http://www.bankruptcycanada.com/abroad.htm
I did not finish school but I have student loans and I have been asked to repay since 2007. I don’t have a job and I just had a baby. I have a lot of debts mainly caused by an abusive ex-boyfriend. There is no way for me to pay all my debts.
I read the FAQs and it says that my student loans will NOT be erased if it’s not more than 7 years. My question is, I never graduated (I dropped out since 2007 but never informed my University) does that mean I can only file bankruptcy 7 years after 2007 OR I have to notify the school first before counting the 7 years? Let’s say, I file bankruptcy today. All of my credit card debts will be erased except the student loans. In 7 years, my credits will start over again but what if I still could not repay my student loans completely, will they be removed? How does that work?
Also, I have lots of debts from credit cards used by my ex and now they have been sending me mails saying they will take further actions to take away my things. I own nothing, so it doesn’t matter to me but I got married recently and I want to know if the creditors can take my husband’s assets.
Amy: Your student loans will not be erased in a bankruptcy unless you have been out of school 7 or more years. For more information please refer to:
http://www.bankruptcycanada.com/PropChngsBIA.htm
Your husband will not be affected by your bankruptcy if he did not guarantee any of your debts. Please see:
http://www.bankruptcycanada.com/question1.htm#d
My son is onsidering personal bankruptcy. My will states that my csildren, three, will inherit my property as joint owners in case of my deth. If I die, and my son declares bankruptcy, would the creditors be entitled to claim his portion of the property.
Fred: The creditors would be entitled to call on his share of the inheritance to repay the amount owed if he is undischarged at the time the inheritance is triggered.
HI
I owned a business in BC. I need to know if I need to bankrupt the company in the same province in which it is registered, or can it be done anywhere as long as it is in Canada. Reason is that I am no longer in BC
Thank you so much for your valuable time
Gilles