Bankruptcy in Ontario

What happens to your RRSPs when you file for bankruptcy?

Is there a limit to how many times you can go bankrupt in Ontario?

Are taxes owing a bankruptable item?

I owe significant taxes to PST. What are all of my options if I am unable to pay?

If a person claims bankruptcy does this affect their credit?

Why do people claim bankruptcy, and how do they know when they should claim bankruptcy?

My husband and I both filed bankruptcy on the same day. Today, 5 days later we were informed that CRA filed a lien against our property on the very same day we filed (signed the papers). They had already placed a registered lien against my husband for his personal assets but nothing against me or our home which is in both names. We live in Ontario and are aware that Real Estate is not on the allowed list of exemptions, however we still did a property or title search the day before we filed bankruptcy and the CCRA was not listed as a secured lien holder. My question is..where do we stand now with this new lien registered against our property which has no equity. We’ve only had our home for one year.

My company has a pension plan and a Deffered Profit Sharing Plan. The DPSP is registered. Are either one of these effected if you go bankrupt in Ontaqrio?

I’m thinking about going bankrupt because I can’t keep up with my payments, collection agencies are calling all the time and I really need a fresh start.

My question is I just found out my parents took out some bonds in my name when I was young. I’ve already started the process of going bankrupt and I just found out about them. How will those bonds be affected if I go bankrupt? What if I try and use them after I go bankrupt in Ontario?

Thanks