Yearly Archives: 2010

Can CPP be Garnisheed in Ontario?
By Bankruptcy Ontario Trustee
22 Nov 2010 | Category: Bankruptcy in Ontario
wage pension garnishment

Question: Can Canada Pension or Old Age Security payments be garnished? Answer: Under the Ontario Wages Act only wages can be garnisheed.  The only exception would be if you owe money to the government, such as the Canada Revenue Agency, they can garnishee a CPP or OAS payment. One option…

Tags: , ,
Read More

Should I File A Consumer Proposal Now Or After Judgement?
By Bankruptcy Ontario Trustee
07 Oct 2010 | Category: Consumer Proposal in Ontario
bankruptcy judgement court

Question: I have a judgment pending and in the meantime I am planning a consumer proposal. My question is should I proceed with the consumer proposal before the judgement or after the judgement? And what would be the difference before or after? Answer: In most cases, if you know that…

Read More

Bankruptcy in Ontario and Gambling
By Bankruptcy Ontario Trustee
16 Jul 2010 | Category: Bankruptcy in Ontario
bankruptcy and gambling debts

Question: I met with an Ontario bankruptcy trustee and need to fill out the forms to file for bankruptcy in Ontario. His questionnaire says “in your own words, what circumstances have caused your financial problem?”. Do I need to disclose the fact that I have a gambling addiction or is…

Tags:
Read More

Is Bankruptcy in Ontario Public Knowledge?
By Bankruptcy Ontario Trustee
15 Jul 2010 | Category: Bankruptcy in Ontario
bankruptcy public record | public knowledge

Question: If a person claims bankruptcy in Ontario, is it public knowledge? Can anyone find out about it in Ontario? Answer: Yes, personal bankruptcy is a legal process, and there is a public record that you filed for bankruptcy in Ontario. There are two main places where the information will…

Read More

Child Support Payments As Income In Bankruptcy in Ontario
By Bankruptcy Ontario Trustee
14 Jul 2010 | Category: Surplus Income
child support income bankruptcy

Question: I am thinking of claiming personal bankruptcy. I have two children and at this time I am not receiving any child support from their father. If I claim bankruptcy and he then starts paying child support how does this affect me? Answer: The amount you are required to pay when…

Tags:
Read More

Wife Own’s Principal Residence and Considering Bankruptcy in Ontario
By Bankruptcy Ontario Trustee
12 Jul 2010 | Category: Bankruptcy in Ontario
house in bankruptcy

Question: My wife bought the house I live in 20 years ago- she has paid all the bills and mortgage etc – I am the one who may have to go bankrupt due only to tax owing – I do not have any assets -is the house at risk? Your…

Tags:
Read More

GST/HST Rebates and Bankruptcy in Ontario
By Bankruptcy Ontario Trustee
28 Jun 2010 | Category: Bankruptcy in Ontario | Bankruptcy FAQ
GST / HST rebate bankruptcy

Question: If I go bankrupt in Ontario, who gets the HST rebate cheque?  Me, or the trustee? HST rebates are automatically forwarded to the trustee. The standard answer is that the HST rebate cheque goes to the trustee.  It forms part of the proceeds in your estate, and is then…

Tags:
Read More

Income Tax Refunds, GST/HST after Bankruptcy Discharge
By Bankruptcy Ontario Trustee
23 Jun 2010 | Category: What You Keep or Lose
tax refund after bankruptcy

Question: What Happens with my income tax return or GST or HST Payments? I was lead to believe that I would receive these after my Ontario bankruptcy is discharged, is this true? Who receives your tax refund depends on the amount of funds in your bankruptcy estate at the end…

Tags:
Read More

Can I Pay an Ontario Bankruptcy Off Early?
By Bankruptcy Ontario Trustee
26 Apr 2010 | Category: Bankruptcy in Ontario
pay off bankruptcy early

Question: My friend declared bankruptcy in Ontario 5 months ago, with the timeline being 21 months. His payment has been $1,000/month on average for surplus income. After 6 months of payments, it is my understanding that the trustee will take those payments and average them out to a regular monthly…

Tags:
Read More

Bankruptcy in Ontario: What Happens to My House and Car?
By Bankruptcy Ontario Trustee
11 Mar 2010 | Category: What You Keep or Lose
house and car in Ontario bankruptcy

Question: Hi, my boyfriend is heavily in debt and we would like to seek some advise. He has $70,000 in credit card and line of credit debt and is having a hard time coping up with the payments since he only works part time. The only assets he has is…

Tags: ,
Read More