Yearly Archives: 2011

Will Trustee Notify My Employer When I File Bankruptcy in Ontario
By Bankruptcy Ontario Trustee
21 Nov 2011 | Category: Bankruptcy in Ontario
bankruptcy search

Question: If I declare personal bankruptcy in Ontario, will the trustee notify my employer and or garnishee my wages ? Answer: In most cases there is no requirement for your bankruptcy trustee to notify your employer.  The normal exceptions would be that your trustee would contact your employer if: you…

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Can I Get A Loan While in a Consumer Proposal
By Bankruptcy Ontario Trustee
21 Sep 2011 | Category: Bankruptcy FAQ | Consumer Proposal in Ontario
qualification loan in consumer proposal

Once you file a consumer proposal (or personal bankruptcy) there is a note that goes on your credit report saying that you have filed a proposal.  So, when you apply for a loan and the lender does a credit check, they will know you are in a proposal, which makes…

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I Can’t Afford to Go Bankrupt, What Now?
By Bankruptcy Ontario Trustee
12 Aug 2011 | Category: Bankruptcy in Ontario
can't afford bankruptcy

Question: I saw a bankruptcy counsellor and according to him I can’t afford to go bankrupt. Could this be possible? I owe about $17,000 I’m in collections and I make approx. $23000 gross , but after rent, hydro etc… I don’t even have enough to survive. What can I do?…

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If Lender Repossesses Car Can They Garnishee Wages?
By Bankruptcy Ontario Trustee
05 Jul 2011 | Category: Bankruptcy in Ontario
Car Repossession Wage Garnishment Bankruptcy

Question: I am 2 payments behind and trying to make arrangements but they are threatening to repossess the vehicle and then garnishee my wages. What can I do and can they do this? Answer: If you are behind on your payments on a car loan or lease, the lender does have the…

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Bank Statements During Bankruptcy
By Bankruptcy Ontario Trustee
04 Jul 2011 | Category: Surplus Income
submit bank statements during bankruptcy

Question: Are you required to submit bank statements and receipts for all transactions during bankruptcy? Answer: No, you are not required to submit bank statements and receipts for all transactions unless requested by your trustee.  You are required to prove your income to your trustee each month, so that your…

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Bankruptcy Fees in Ontario – What If I Can’t Afford to Go Bankrupt?
By Bankruptcy Ontario Trustee
05 Apr 2011 | Category: Bankruptcy in Ontario
bankruptcy fees | trustee fee

Question: What happens if one cannot pay the Ontario bankruptcy fees charged by the trustee? $200/month for 9 months will mean we don’t eat or have heat or some other necessity. What happens then? Answer: All trustee firms in Ontario are private companies, so they require a contribution from you…

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In A Consumer Proposal – Is Changing To Bankruptcy An Option?
By Bankruptcy Ontario Trustee
02 Feb 2011 | Category: Consumer Proposal in Ontario
bankruptcy or consumer proposal

Question: My wife and I are in the second year of a consumer proposal. She has recently lost her her job and acquired further debt over 40,000. Debt is in her name can she file bankruptcy in Ontario while still in proposal? Answer: Yes.  It is not uncommon to have…

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