Monthly Archives: March 2012

Surplus Income if Spouse Won’t Disclose Income

 03 Mar 2012

Note: the question in this article contains old surplus income limits. Click here to review the updated limits. Question: I am planning on filing personal bankrupty. I am married with 1 child. My husband does not want his income calculated in the surplus income because the majority of my debt…

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Bankruptcy Canada Student Loans

 02 Mar 2012

How student loans are affected by a bankruptcy in Canada can be quite confusing. The laws around bankruptcy Canada student loans have changed in recent years adding to the difficulty in knowing whether or not your student loans would be discharged in a bankruptcy. While we explain the general principles…

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Bankruptcy in Canada: What you need to know

 01 Mar 2012

To understand bankruptcy in Canada, you need to be aware of these three key points: First, the main reason for declaring bankruptcy in Canada is to protect yourself from your creditors.  Many people mistakenly believe that you go bankrupt if you have too much debt.  That’s true, but debt alone…

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