Bankruptcy Montreal Quebec: Considering Bankruptcy? Montreal Quebec Trustees Can Help!

Recent Bankruptcy Questions:

Posted on Tuesday, May 05, 2009

co-signed

Question: I co-signed for a friend to get a car. what happens if i go bankrupt ?

Answer: If you go bankrupt, the car lender can no longer pursue you for the debt. Your friend will be responsible to make all payments. We suggest that before you go bankrupt, your friend should contact the lender and ask to have your name removed from the loan. If they won't do that, your friend should confirm that they can continue to make the loan payments if you go bankrupt.

Labels: personal bankruptcy

Posted on Wednesday, February 04, 2009

taxes owed and bankruptcy

Question: hi my spouse currently owes money to the government and they will not make a payment arrangement can they go after my assets to claim what is owed to them since we are married?

Answer: No, your assets are your assets, and no-one, including the government, can go after your assets for someone else's debts. The only exception would be if your spouse has deliberately transferred their assets to you, and then filed bankruptcy in Canada in an attempt to get out of their debts. That would not be permitted.

We suggest you contact a Montreal bankruptcy trustee to review your options and provide you with advice on how to deal with Revenue Canada debts.

Labels: bankruptcy Montreal, bankruptcy trustee, Canada Revenue Agency

Welcome to Bankruptcy Montreal Quebec

Recent Bankruptcy Questions:

Posted on Tuesday, May 05, 2009

co-signed

Posted on Wednesday, February 04, 2009

taxes owed and bankruptcy