Monthly Archives: August 2012

Bankruptcy Aftermath: Can’t Pay for Bankruptcy
By Bankruptcy Ontario Trustee
28 Aug 2012 | Category: Bankruptcy in Ontario | Leave a comment
can't afford bankruptcy

Question: My husband declared a second bankruptcy last year. The first one, over 15 years ago, was being young and stupid and there were no assets to deal with. Now this time he decided to keep the house and car since there was no equity in either. The problem that…

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RRSP’s cashed in prior to bankruptcy
By Bankruptcy Ontario Trustee
23 Aug 2012 | Category: Bankruptcy in Ontario | Leave a comment
rrsp bankruptcy

Question:  Hello.  I cashed in about $150,000 of unsecured RRSP’s earlier this year and now it looks like I will have to declare bankruptcy? I was reading on your FAQ – that a trustee must report activity in the past 12 months prior to a bankruptcy – so am I…

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