Free Information About Bankruptcy in Montreal Quebec
header image

Archive for February, 2010

I’m moving to New Brunswick but I am a Quebec resident

Question: I’m moving to New Brunswick but I am a Quebec resident. Which province is best for me to declare bankruptcy? Should I declare bankruptcy in New Brunswick?

Answer: The legal answer is that you should declare bankruptcy either in your province of residence, or the province where your assets and debts are located. If your debts are credit cards, your debts are probably administered out the credit card companies head office in Ontario, so that won’t matter.

If you are living in New Brunswick, it is probably easier to file in New Brunswick, so that you are close to your trustee for any meetings that may be required.

Bankruptcy: can I keep a credit card?

Question: hello, when filing for Bankruptcy can I keep 1 credit card?

Answer: No, when you file bankruptcy you are required to surrender all credit cards. The law is written that way to prevent someone from borrowing money on a credit card when the credit card company did not know about the bankruptcy

Will I get my tax refund?

Question: I declared bankruptcy in 2009 and was discharged in December of 2009. It is now coming to the time to have my taxes filed.
My current employer has taken off extra taxes in 2009 to ensure that I would not owe money at the end of the year. If a refund is determined for either the Federal and/or Provincial (Quebec) return, will I actually be getting that refund or is it withheld?

Thank you!

Answer: While there may be differences in individual cases, as a general rule you will lose your tax refund for the year of the bankruptcy, so you should assume you will not receive your tax refund for 2009.

Your bankruptcy trustee can provide you with specific information on your case.

www.bankruptcy-montreal.com, sponsored by Budd, Rochelle Pont - call us today at 1-514-731-3191 or 1-514-949-9133
© Focus Website Marketing Inc.