Category Archives: Bankruptcy Q&A

Real life debt questions answered by our experts. Our network of local Bankruptcy Trustees answer questions submitted by our readers about bankruptcy and bankruptcy related issues.

I’m separated: can I file bankruptcy in Canada as a single person?

 26 Jan 2012

Question: if I am still married but havent lived with my wife for 10 years can I file as a single person? Answer: Yes.   When you file bankruptcy in Canada one of your bankruptcy duties is to provide your trustee with proof of your family income.  In fact, when the…

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Consumer Proposal: Can You File More Than Once in Canada?

 23 Jan 2012

Question: Is it possible to submit a consumer proposal a second time? Answer: Yes, you can file more than one consumer proposal, subject to certain rules. If you file a consumer proposal, and complete it and are discharged, and then in the future you incur new debts, you can file…

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Can I Keep My House if I Have Large Debt in a Bankruptcy or Proposal in Canada and get Separated?

 17 Jan 2012

Question: I will try to keep my question as short and concise as possible. Together my ex and I have $50,000. in credit card debt that has to be dealt with asap. Spousal support is currently before the courts at this moment. I am waiting for a call to a…

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Surplus income, single with adult child

 02 Jan 2012

Note: the question in this article contains old surplus income limits. Click here to review the updated limits. Question: I am going to be claiming bankruptcy in Canada within the next month. What is the new surplus amount allowed for 2012?Also, my daughter (22) still lives with me while she…

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