Bankruptcy Advice Blog

Question: What are the criteria that might have to be satisfied for a consumer to have the bankruptcy order annulled? If a bankruptcy is annulled then it is as if you never filed. The most common reason for annulling a bankruptcy is that all debts have been paid in full….

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…

Question: I am no longer able to keep up with costs of maintaining my home. I am one month behind on a mortgage payment. Can I surrender my home to the mortgage company without claiming bankruptcy in Ontario and/or damaging (further) my credit rating that the mortgage arrears have already done?…