Comments on: Questions? Ask a Trustee. Bankruptcy Canada Blog. http://www.bankruptcycanada.com/blog/ask-a-trustee-2/ Fri, 04 Jul 2008 15:31:49 +0000 http://wordpress.org/?v=1.5.2 Comment on Questions? Ask a Trustee. Bankruptcy Canada Blog. by: Trustee http://www.bankruptcycanada.com/blog/ask-a-trustee-2/#comment-81046 Fri, 04 Jul 2008 15:28:07 +0000 http://www.bankruptcycanada.com/blog/ask-a-trustee-2/#comment-81046 Anthony: If you mean can you travel after your discharge from bankruptcy or change your address then the answer is there is no restriction now, or while you are in bankruptcy. Anthony: If you mean can you travel after your discharge from bankruptcy or change your address then the answer is there is no restriction now, or while you are in bankruptcy.

]]> Comment on Questions? Ask a Trustee. Bankruptcy Canada Blog. by: Trustee http://www.bankruptcycanada.com/blog/ask-a-trustee-2/#comment-81045 Fri, 04 Jul 2008 15:24:50 +0000 http://www.bankruptcycanada.com/blog/ask-a-trustee-2/#comment-81045 Louise: Don't try to hide these from the creditors. This is a serious offense and could jeopardize your husband's discharge from bankruptcy. You or your husband can buy his share back from the trustee. Louise: Don’t try to hide these from the creditors. This is a serious offense and could jeopardize your husband’s discharge from bankruptcy. You or your husband can buy his share back from the trustee.

]]> Comment on Questions? Ask a Trustee. Bankruptcy Canada Blog. by: Trustee http://www.bankruptcycanada.com/blog/ask-a-trustee-2/#comment-81041 Fri, 04 Jul 2008 15:21:10 +0000 http://www.bankruptcycanada.com/blog/ask-a-trustee-2/#comment-81041 Karen: Those are decisions only you can make. You might want to set up a free consultation with a trustee to learn how bankruptcy will affect you. That might help you decide what to do. Karen: Those are decisions only you can make. You might want to set up a free consultation with a trustee to learn how bankruptcy will affect you. That might help you decide what to do.

]]> Comment on Questions? Ask a Trustee. Bankruptcy Canada Blog. by: Anthony http://www.bankruptcycanada.com/blog/ask-a-trustee-2/#comment-81024 Fri, 04 Jul 2008 13:00:05 +0000 http://www.bankruptcycanada.com/blog/ask-a-trustee-2/#comment-81024 I have about $23000 in credit card and $30000 in credit line debts and $29000 in student loan. I finished university in 2007 but have not found a job yet. Though I am trying hard to pay the minimum monthly, I am so desperate now and am considering to file bankruptcy. I saw there is a discharge period of 9 months, is that to say I can go freely anywhere I want after that period? Thanks a lot. I have about $23000 in credit card and $30000 in credit line debts and $29000 in student loan. I finished university in 2007 but have not found a job yet. Though I am trying hard to pay the minimum monthly, I am so desperate now and am considering to file bankruptcy. I saw there is a discharge period of 9 months, is that to say I can go freely anywhere I want after that period? Thanks a lot.

]]> Comment on Questions? Ask a Trustee. Bankruptcy Canada Blog. by: Louise http://www.bankruptcycanada.com/blog/ask-a-trustee-2/#comment-80988 Fri, 04 Jul 2008 03:07:29 +0000 http://www.bankruptcycanada.com/blog/ask-a-trustee-2/#comment-80988 My husband is considering declaring bankrputcy. We have some RESPs for our children that are in both of our names. Is there any way to protect them? We have read that we can purchase them back from the trustee - what does this mean? We are considering moving them anyway - would we be able to move them prior to filing and put then in only my name? Will this protect them? My husband is considering declaring bankrputcy. We have some RESPs for our children that are in both of our names. Is there any way to protect them? We have read that we can purchase them back from the trustee - what does this mean? We are considering moving them anyway - would we be able to move them prior to filing and put then in only my name? Will this protect them?

]]> Comment on Questions? Ask a Trustee. Bankruptcy Canada Blog. by: Karen http://www.bankruptcycanada.com/blog/ask-a-trustee-2/#comment-80985 Fri, 04 Jul 2008 00:26:01 +0000 http://www.bankruptcycanada.com/blog/ask-a-trustee-2/#comment-80985 I am receiving a pension of $1395. a month and have debts aquired in a second marriage of about $35,000. I have no assets other than some furniture. I stopped making payments on credit cards about 18 months ago and have remained incognito. I understand that at present I would be jugement proof. I would like to open a bank account and I understnad that when I do so I will then be revealing my whereabouts to creditors. Should I remain incognito and not be able to open a bank account for the next six years? Should I reveal my whereabouts and then count of being judgement proof? Or should I declare bankruptcy and then have no more concerns about creditors? Thank you for your help I am receiving a pension of $1395. a month and have debts aquired in a second marriage of about $35,000.
I have no assets other than some furniture.

I stopped making payments on credit cards about 18 months ago and have remained incognito.

I understand that at present I would be jugement proof.
I would like to open a bank account and I understnad that when I do so I will then be revealing my whereabouts to creditors.
Should I remain incognito and not be able to open a bank account for the next six years?
Should I reveal my whereabouts and then count of being judgement proof?
Or should I declare bankruptcy and then have no more concerns about creditors?
Thank you for your help

]]> Comment on Questions? Ask a Trustee. Bankruptcy Canada Blog. by: Trustee http://www.bankruptcycanada.com/blog/ask-a-trustee-2/#comment-80967 Thu, 03 Jul 2008 21:17:38 +0000 http://www.bankruptcycanada.com/blog/ask-a-trustee-2/#comment-80967 Samantha: Sorry but too many questions and not enough information to answer in this forum. I suggest you see a trustee for free consultation which will take about an hour. Samantha: Sorry but too many questions and not enough information to answer in this forum. I suggest you see a trustee for free consultation which will take about an hour.

]]> Comment on Questions? Ask a Trustee. Bankruptcy Canada Blog. by: Trustee http://www.bankruptcycanada.com/blog/ask-a-trustee-2/#comment-80966 Thu, 03 Jul 2008 21:15:05 +0000 http://www.bankruptcycanada.com/blog/ask-a-trustee-2/#comment-80966 Sandue: I don't think this would have anything to do with the fact you were bankrupt. Sandue: I don’t think this would have anything to do with the fact you were bankrupt.

]]> Comment on Questions? Ask a Trustee. Bankruptcy Canada Blog. by: Samantha http://www.bankruptcycanada.com/blog/ask-a-trustee-2/#comment-80964 Thu, 03 Jul 2008 19:52:33 +0000 http://www.bankruptcycanada.com/blog/ask-a-trustee-2/#comment-80964 Hi again, How much would I have to pay a trustee to go bankrupt $35,000? Thanks! Hi again,

How much would I have to pay a trustee to go bankrupt $35,000?

Thanks!

]]> Comment on Questions? Ask a Trustee. Bankruptcy Canada Blog. by: Samantha http://www.bankruptcycanada.com/blog/ask-a-trustee-2/#comment-80961 Thu, 03 Jul 2008 19:45:28 +0000 http://www.bankruptcycanada.com/blog/ask-a-trustee-2/#comment-80961 Hi there, I have about $35,000 in credit card and bank loan debts. I am living common law, have no dependants, and make about $45,000 a year. If I claim bankruptcy will it be discharged in 9 months with the new bankruptcy laws? Also, I have a financed vehicle worth about $8,000. Will I be able to keep it and continue making monthly payments? And lastly, would it be okay if I got a prepaid mastercard for emergencies (before discharge) since there is no credit involved? Thanks for your help! Hi there,
I have about $35,000 in credit card and bank loan debts. I am living common law, have no dependants, and make about $45,000 a year. If I claim bankruptcy will it be discharged in 9 months with the new bankruptcy laws? Also, I have a financed vehicle worth about $8,000. Will I be able to keep it and continue making monthly payments? And lastly, would it be okay if I got a prepaid mastercard for emergencies (before discharge) since there is no credit involved?
Thanks for your help!

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