bankruptcy discharge

By: Bankruptcy Ottawa  09-12-2011
Keywords: Consumer Proposal

Question: I have been advised that one of my creditors is objecting to my discharge, i had made a consumer proposal of $500 a month for 5 years which they did not accept … Should I get a lawyer, I am not getting too many answers from my trustees, any assistance would be appreciated. I was last bankrupt in 1999.

Answer: As a second time bankrupt, you are required to attend a discharge hearing to obtain your discharge. If you are not satisfied with the assistance your trustee is giving you then yes, you could hire a lawyer to represent you at your discharge hearing. However, in most cases the easiest course of action is to request a meeting with your trustee prior to your discharge hearing so that you fully understand what will happen at the hearing, so that you can prepare for it.

The information in this article was current at 06 Dec 2011

Keywords: Consumer Proposal

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consumer proposal

In my eyes, this means that the creditor would end up receiving twice the original loan amount, as they are receiving the money from the consumer proposal, which I have not signed nor seen a copy, and the amount that they want to collect from me.


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If the RRSP is an RRSP that you have contributed to over the years, perhaps at your bank, than it is probably not protected, meaning you would lose your RRSP if you filed for bankruptcy. An RRSP is typically locked in when you convert a pension from your former employer to an RRSP, or if your RRSP is through work, where your employer is making the contributions.


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First, she could call CRA and attempt to work out a payment arrangement with them, so that perhaps they will agree to take less of her pension each month. However, to answer your underlying question, yes, CRA does have the ability to garnish CPP if taxes are owing.


car and bankruptcy

It will be up to the lender to decide whether or not they will allow you to keep making payments on the car, so you can keep the car. If there is a loan against the car equal to the value of the car, the trustee will not take your car. What will happen to my new car if I go bankrupt in Ottawa.


Archive for the ‘bankruptcy’ Category

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