Bankruptcy discharge hearing

November 2, 2010

Question: My husband and I declared bankruptcy on September 17, 2009. My husbnad was a first time bankrupt, and was discharged in June 2010. I am a second-time bankrupt (the first time was 15 years ago due to massive student loan debt). I received a phone call from the office of my Trustee advising that [...]

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Bankruptcy Rate in North York Drops

August 31, 2010

Our government has just released bankruptcy statistics indicating that the number of people who filed for personal bankruptcy in North York has decreased since this time last year.  Here is what we are looking at:  During the first six months of 2010, 943 people in North York claimed bankruptcy.  In addition, 1,042 filed a consumer [...]

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Suspended Discharge From Bankruptcy in Toronto & Rebuilding Credit

February 25, 2010

Question: Hi there. I recently received a Suspended Discharge from my Toronto bankruptcy as I am 2nd time bankrupt. My hearing was very straight forward…my prior bankruptcy was over 18 years ago and I followed all criteria for this one…payments, statements and counseling sessions. . My question is…am I able to start to rebuild my [...]

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Bankruptcy in Canada if outside of Toronto, Ontario

February 22, 2010

Question: I live in Toronto now, and I am considering filing bankruptcy. If I move out of Toronto, can I still file bankruptcy if I move somewhere else? What are the rules for bankruptcy Canada? Answer: Bankruptcy is governed by federal law, so the bankruptcy process is similar everywhere in Canada. The only significant differences [...]

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What are the consequences after a Proposal to my Credit History?

January 27, 2010

Question: Once it is off my Credit Report, will the individual banks that were involved in the consumer proposal lend me money again in the future? Would I have to repay them back what I still owed to be back “in their good books”? Would the answer be any different if I filed bankruptcy in [...]

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