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Ontario Personal Bankruptcy Blog

Posted on Tuesday, June 27, 2006

Co-signer on a Lease


I am a co-signer on my partner's leased vehicle I am considering declaring bankruptcy . She has never missed a payment and generally has decent credit. Will my declaring put her lease in jeopardy?

Posted on Monday, June 26, 2006

Sold vehicle before bankruptcy


Hi, couple of months ago I sold my vehicle to a family member. I'm filling bankruptcy and was wondering if anybody can take that sold vehicle back from the new owner.
thank you.

Posted on Wednesday, June 21, 2006

Personal Bankruptcy and Company Bankruptcy

My husband is a principle in a company. How does declaring bankruptcy effect him in his company being a principle?

Posted on Monday, June 19, 2006

Disconnection of Utilities


If you file for personal bankruptcy in Ontario, can the utility companies disconnect your service?



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Posted on Tuesday, June 13, 2006

Tarion Home Warranty


If there is money in a trust account at Tarion Home Warranty in my name and I declare , will that money be lost once it is released or will it be mine? If I declare now, the money will be released sometime early next year - does timing mean anything? I really don't want to lose the money - should I wait to next year and have the money before bankruptcy? Please help, no one seems to know this answer.

Posted on Thursday, June 08, 2006

Tax Refund and Bankruptcy in Ontario


I know that if I file for bankruptcy before I receive my tax refund, that money will be taken by the trustee. What happens if I get the tax refund and then file for bankruptcy shortly after that point? Will they still take the money? How much am I allowed to keep?



Posted on Tuesday, June 06, 2006

Selling my home


If someone has already filed bankrupty and is not yet discharged and they sell their house but do not close until after they are released from their bankruptcy do they have to pay anything to the trustee?

Locked in RRSP


I have a locked in RRSP that was transfered years ago from a municipal pension plan. Would this RRSP be exempt in bankruptcy?

Posted on Monday, June 05, 2006

Phone Company and Bankruptcy in Ontario


I owe the phone company money on an old account. They have recently disconnected my husband's phone. He went to pay his phone bill and get it reconnected, they refuse until my bill is paid. He has informed them that I am going bankrupt, they said that they still will not turn his phone back on until he pay's my bill. Can they still do that after i have claimed bankruptcy?

Posted on Sunday, June 04, 2006

need to know how bankruptcy will affect me and my husband


i have to file bankruptsy for my business that is a numbered corperation and need to know how that will affect me and my husband. i have a pile of bills that can't be paid . my husband signed the loan with me and i need to know how that will affect both of us peronally.

Posted on Saturday, June 03, 2006

Can I be fired if I go bankrupt and I owe my employer money?


Can i be fired from my job if my employer is a creditor that i have filed bankrupcy with? Can i be refused future employment as a result of filing for bankrupcy?

Posted on Friday, June 02, 2006

Borrowed from sister to buy car


I borrowed money from my sister last year to buy a car. I still owe her $6000 for the car but I have to declare bankruptcy. I want her to keep the car in exchange for what I owe her on it. Can I do this? (The car is worth more than $5650). She wrote a cheque for the car; does that constitute a security agreement?