David Smith's opinion article in the Vancouver Sun states that: “A trustee provides debt solutions that offer legal — repeat, legal — protection from
How can I get a discharge when my trustee won’t help me get discharged?
I declared bankruptcy in 2007 and my discharge was adjourned generally by the Court because I didn’t do the things I was supposed to do. How can I
Can I be bonded after filing for bankruptcy?
I have declared bankruptcy and I am applying for a job that may require me to be bonded. Can I be bonded after filing for bankruptcy? The short
Receivership – What are my rights as a creditor?
My customer has told me his company has gone into receivership - not bankruptcy. They owe me money. I have not received any formal notification of
BC Amends Limitation Act
BC Amends Limitation Act to two years from six. The new Limitation Act came into force June 1, 2013. The Limitation Act sets out the time periods
What about tax returns in bankruptcy?
Who prepare the tax return? A bankrupt’s tax year is divided into two parts. This is commonly referred to as the pre and post-bankruptcy periods.
Am I responsible to pay the tax on RRSP?
My Trustee cashed in my RRSP because it was a non-exempt asset. Am I responsible to pay the tax on that RRSP? No. The bankruptcy estate is
Can CRA pursue me if I live in the United States?
I live in the United States and I owe Revenue Canada for outstanding taxes. Can they garnishee my pay cheque here in the United States? Yes they
When Your House is in Foreclosure Should You File for Bankruptcy?
“A banker is a fellow who lends you his umbrella when the sun is shining and wants it back the minute it begins to rain.” (Mark Twain) One of the