Monthly Archives: September 2008

Ensuring Bankruptcy is Removed From Credit Report
By Bankruptcy Ontario Trustee
18 Sep 2008 | Category: Bankruptcy in Ontario
remove bankruptcy from credit report

Question: In December of this year it will be 6 years from my discharge (first bankruptcy in Ontario). What steps should I take to ensure the bankruptcy is removed from my credit reports? A first bankruptcy will be removed from your credit report 6 years after you receive your bankruptcy…

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Avoiding Bankruptcy in Ontario by Selling Assets
By Bankruptcy Ontario Trustee
17 Sep 2008 | Category: Bankruptcy in Ontario
Selling assets before filing bankruptcy

Question: My ex wife and I are doing everything we can to avoid bankruptcy in Ontario. While our finances are bad we are paying as much as we can. We took back a leased vehicle because we can’t afford the payments. We cashed an RESP in for $8,000 to buy…

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Credit Card Debt and Bankruptcy in Ontario
By Bankruptcy Ontario Trustee
04 Sep 2008 | Category: Debts In Bankruptcy
Credit Card Debt and Bankruptcy

Question: Is your credit card debt wiped out when you file for bankruptcy in Ontario, or can the credit card company still demand payment? A bankruptcy is an effective way to eliminate unsecured debt, including credit card debt. Credit card debts are discharged when you go bankrupt or file a…

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