Ontario Personal Bankruptcy Blog: April 2006: Answers to Personal Bankruptcy Questions

Posted on Saturday, April 29, 2006

Is government debt included in bankruptcy?

Is goverment debt included in bankruptcy in Ontario?

Posted on Thursday, April 27, 2006

Order Lifting Stay of Proceedings

What is involved in obtaining an Order Lifting Stay of Proceedings. We have commenced an action against a bankrupt defendant and we would like to continue the action but have been advised that pursuant to Section 69 of the Bankruptcy Act, an Order will be required. Is there a precedent available that we could follow? Thank you for your assistance.

Posted on Sunday, April 23, 2006

Discharge from Bankruptcy in Ontario

Is a personal bankruptcy discharge in Ontario final, or can the Trustee still pursue an asset of a discharged Bankrupt?

Posted on Thursday, April 20, 2006

Find a bankruptcy trustee

How do I find out who the trustee is in a particular bankruptcy on Ontario?

Posted on Tuesday, April 18, 2006

How much can you earn if you file for bankruptcy in Ontario?

how much money can you earn if you file for bankruptcy? befor being discharged and after.
Can you own property after being discharged?

Bankruptcy in Ontario

What happens if i don't file for bankruptcy right away in Ontario ? If i move to another province and file will the Ontario bankruptcy act apply?
What would happen if I sold off items, such as kitchen cabinets to have money to live?

Posted on Thursday, April 13, 2006

How does a Consumer Proposal affect Credit Rating ?

If a Consumer Proposal can be agreed upon as an alternative to Bankruptcy, how does it effect your credit rating ?

Posted on Wednesday, April 12, 2006

dicharged from bankruptcy in Ontario may 2001

Hi my question is........
after how much time do I need to be able to get a mortgage in my name after I have filed and gotten my discharge papers?

thank you in advance

Posted on Sunday, April 09, 2006

what will happen to my house

what would happen to my house if i claim personal bankruptcy in Ontario? i have little money in it

Bankruptcy in Ontario a second time??

This was never my intent
It has ended up that all the debt in is my name only...
Approx. $20,000 to $30,000
I do not work, and have no way of paying it back......
I have filed once and worked very hard to regain my credit, but do to the Government changing my income tax, etc....
I am in dept to this tone...
Can I file again or is this not allowed...
If need be, I have decided to leave my family, so they won't be left in this mess..
Thanks for your answers....
A mom of 7

Posted on Saturday, April 08, 2006

Do I lose my motorhome if I go bankrupt in Ontario?

I am currently living in my motorhome full time.I am considering personal bankruptcy, but need to know that I would not lose "my home"
It is an older model, valued at approx.$12000
My car is below the allowed Ontario value.
Please let me know, thanks. "lostsoul"

Posted on Thursday, April 06, 2006

What income do I have to report during bankruptcy

My income is in the form of a government disability pension and a private non taxable disability pension what income do I have to report to a trustee.

Posted on Wednesday, April 05, 2006

Student wages and consumer proposal

If we decide to do a consumer proposal will my two daughters (18 and 20) one is a university student and one is in her last year of high school. Will their part time wages be affected by this?

Posted on Saturday, April 01, 2006

how to claim bankruptcy when I have equity in a house

I am in a financial position where i have to claim personal bankruptcy but I have equity in a home owned by my ex spouse and I. He lives in the home with my oldest child and has no means of financing to buy me out. My equity in the home is about 20000.00 and he is self employed and cannot get a loan. The home is assessed at about 90000.00 with mortgages of about 49000.00. I've been told I cannot file for bankruptcy until I get this equity but I have creditors wanting to sue me and garnish my wages. I am a single mom and I'm lost.....please help. What can I do?

Heather from Ontario canada