Yearly Archives: 2007

Spouse’s Debts During Bankruptcy in Ontario
By Bankruptcy Ontario Trustee
27 Oct 2007 | Category: Debts In Bankruptcy

Question: My husband is considering declaring bankruptcy in Ontario soon. He has a secondary credit card on my card. Can this debt be included in his bankruptcy even though it is my credit card and will it affect my own credit rating. Answer: If a husband and a wife are joint…

Read More

Court Costs and Bankruptcy in Ontario
By Bankruptcy Ontario Trustee
16 Jul 2007 | Category: Debts In Bankruptcy
court costs and bankruptcy

Question: I am considering declaring personal bankruptcy in Ontario; I have court cost owing against me from a divorce action what happens with these outstanding court costs. have no money and dont work to pay them Answer: Most debts are discharged in a bankruptcy, which includes court costs. One type…

Read More

Second Bankruptcy in Ontario
By Bankruptcy Ontario Trustee
05 Jul 2007 | Category: Bankruptcy in Ontario
second bankruptcy ontario

Question: What happens after a second bankruptcy in Ontario and how common are they? Can you ever get credit after a second bankruptcy? Answer: Exact statistics are not available, but experts estimated that over 10% of all people who declare bankruptcy will do so more than once. In a first bankruptcy…

Read More