what do i get to keep if go bankrupt

RRSPs and Bankruptcy in Ontario

June 17, 2011 01:15

Question: will they take your RRSPs if you claim bankruptcy in Ontario? Answer: You will only lose the amount you have contributed to your RRSP in the 12 months prior to filing bankruptcy in Ontario.  Any amounts you have contributed prior to one year ago are not seized. For more information,...

Keeping Cash & Assets during bankruptcy

June 04, 2010 01:11

Question: Does any kind of cash coming in anywhere from selling something to babysitting have to go to the trustee? Answer: No, not always.  When you file for bankruptcy, you’ll be required to report your income and expenses to the trustee each month.  This income should include all sources...

Car Loan Situation

May 02, 2010 23:54

Question: I got a loan for a car of $33K in 2008. As a right now I owe $22K. I had change one of the seat of car because when i left my dog inside the car he distroided and I replaced the car seat with an older one and also I put a remote [...]Question: I got a loan for a car of $33K in 2008. As a...

Car Loan Situation

May 02, 2010 23:54

Question: I got a loan for a car of $33K in 2008. As a right now I owe $22K. I had change one of the seat of car because when i left my dog inside the car he distroided and I replaced the car seat with an older one and also I put a remote [...]Question: I got a loan for a car of $33K in 2008. As a...

Vehicles in bankruptcy in Ontario

August 13, 2009 18:03

Question: My wife and I are looking at the possibility of filing for bankruptcy. We live in a rural area with two children. Currently my wife drives an older car and I use an 11 year old motorcycle to get to work. Neither have loans or leans against them. Would we be able to keep both...