Questions / Answers
Find answers to common questions.
Bankruptcy relief
Am I discharged from all of my debts ?
Am I entitled to have or open a bank account ?
Can I declare bankruptcy for only some of my debt ?
Can I declare bankruptcy if I am unemployed ?
Can I filed bankrupt without losing my house or vehicle ?
Can I keep one or more of my credit cards ?
Can my creditors refuse my bankruptcy ?
Can my RRSP or my pension plan be seized?
Do I have to go bankrupt if my spouse goes bankrupt ?
Does bankruptcy protect me from legal action or seizure?
For how many months am I in bankruptcy ?
How bankruptcy affects my credit ?
If I file for bankruptcy, what is the elusive property ?
If my spouse is paying alimony and goes bankrupt, what happens to the alimony obligation ?
Is there a minimum amount of debt required before I can declare bankruptcy ?
On the other hand, if there are arrears in alimony payments, are these debts erased in bankruptcy?
What are the costs of a bankruptcy ?
What happens if I used my credit cards just before declaring bankruptcy ?
What happens if I used my credit cards just before filing a proposal?
What happens to my student loan if I go bankrupt ?
What is surplus income ?
What is the impact of bankruptcy on filing my income tax return ?
What property may I keep if I go bankrupt ?
What will happen to my income tax refunds, and does the fact that I filed a Bankruptcy affect the filing of my personal tax returns?
Consumer proposal
Am I discharged from all of my debts ?
Am I entitled to have or open a bank account ?
Can a consumer proposal stop legal proceedings including the seizure of my property or the garnishment of my wages ?
Can I file a proposal for certain debts only ?
Can I keep one or more of my credit cards ?
Do ALL of my creditors have to agree with my proposal to be accepted?
How do I know if debt consolidation could be a good solution for me?
How is my credit rating affected if I file a consumer proposal ?
If I file a consumer proposal, will I be able to keep all of my assets ?
If my spouse is paying alimony and goes on proposal, what happens to the alimony obligation ?
On the other hand, if there are arrears in alimony payments, are these debts erased in bankruptcy?
What happens if I used my credit cards just before filing a proposal?
What happens to my student loan if I go proposal ?
What is the impact of a consumer proposal on your spouse ?
Will I be allowed to operate my business ?