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Surplus Income and Extension of Bankruptcy to 21 Months 5 Aug 2013 | 08:10 pm
Question: I’m at the 8 month mark and was just told i have a 67.75 surplus and have to go to the 21 month penalty. I had a monthly income of $1991.00 for the duration of the 8 month but now its droppe...
Revenue Canada Taxes and Wage Garnishment 30 Jul 2013 | 08:03 pm
Question: Revenue Canada is garnisheeing 30% of my wages next week for HST and GST and taxes. Can bankruptcy clear that or is Revenue Canada exempt? Answer: Yes, debts to CRA are included in a bankru...
Ex-spouse filed bankruptcy, now they are coming after me 12 Jun 2013 | 01:32 pm
Question: My wife and I recently separated and directly after separation she filed bankruptcy. One of the creditors listed in the bankruptcy is now coming after me for the money however the bankruptcy...
Wage garnishee in Ontario 3 Jun 2013 | 02:26 pm
Question: can a creditor re apply that is already taking 20% for a larger % ? This is not for child support or spousal support, it is for credit card & credit line. Thank you. Answer: The short ans...
Bankruptcy and Mortgage and our house 27 May 2013 | 05:20 pm
Question: My husband’s name is not on the title of our house but the mortgage is in both our names. If he declares bankruptcy, would it affect our house if his name is not on the mortgage? Answer: If...
Bankruptcy and Judgement 24 May 2013 | 11:18 pm
Question: Does going bankrupt also cover your debt if its been a judgement? I have a judgement against me with no required date to pay by. I have other debts and I just cannot sleep at night. I am als...
Bankruptcy Affects Families 8 May 2013 | 05:00 pm
Job insecurity, housing costs and mounting debts have a devastating effect on families – not only emotionally but financially. In a recent study conducted by Hoyes, Michalos & Associates, one of Onta...
Surplus Income Limits for Bankruptcy in Ontario in 2013 25 Mar 2013 | 07:12 pm
The amount you are required to pay if you declare bankruptcy is based on your income. The more you earn, the more you are required to pay. This limit is adjusted each year, and the Office of the Sup...
Pay off debt or retirement nest egg: What is your priority? 11 Feb 2013 | 11:57 pm
Two new reports came out today that show Canadians may be focusing more on debt reduction than retirement planning. A Bank of Montreal survey found that 80% of young Canadians are more focused on deb...
How To Pay Off A Credit Card 14 Jan 2013 | 06:15 pm
Do you want to know how to pay off a credit card and get out of debt sooner? Here are some debt repayment strategies, do’ s and don’ts to get you out of credit card debt sooner. #1 Tip On How To Pay...
