Bankruptcy Montreal Quebec » Uncategorized

Buying a home from a trustee in Quebec

Questions — Mon, 25 Dec 2006 02:45:00 +0000

Rochelle Pont CIRP Trustee says

If the couple are not discharged from bankruptcy, then it will be their trustee selling you the home and not the bankrupt couple. If you purchase a home and the tiltle is registered by a notary and you are buying it free and clear of any encumbrances, You will encounter no legal problems. Look carefully at the deed of sale as to the guarantees and to the warranties.

Two individual cohabitation recently declared bankruptcy due to non payment of personal back taxes.

The couple have not been discharged from bankruptcy but are selling their home.

The home will be transferred to a trustee the day it is sold.

What legal issues should I be aware of if I plan to purchase the home?

Not Discharged from bankruptcy

Questions — Mon, 04 Dec 2006 18:47:00 +0000

if you are not discharged from a bankruptcy can you still put a creidtor on it

Bankruptcy – Criminal Record?

Questions — Fri, 29 Sep 2006 19:27:00 +0000

Question: I’ve heard that in some cases Bankruptcy can give you a Criminal Record? Is it true?

Answer: No, filing an assignment in bankruptcy does not give you a criminal record.

bankruptcy and credit reports?

Questions — Sun, 24 Sep 2006 21:26:00 +0000

Question: How long does a bankruptcy stay on your credit report after you are discharged?

Answer: According to Equifax canada, the bankruptcy is purged automatically six years form the date discharge in the case of a 1st time filing. If the consumer has declared bankruptcy more than once, the system will keep each bankruptcy for fourteen years from the date of discharge

Bankruptcy Procedure

Questions — Thu, 21 Sep 2006 06:25:00 +0000

Question: In procedure of bankruptcy, do we must go in Court and why?

Do we must to give the names people we know, have as friends…as witnees at Court?

Do our Agent must know about Bankroptcy?

What if during the procedure I find a job?

Do Cityzensheep has any role?
Because I have only Card Resident permanant.

I have NO REASON to be afraid of procedure and Bancruptcy, but I have a fear.

I read all, but I am not sure that I understood everything.

PLEASE, ANSWER.

Thank You so much.

Answer: In most cases it is not necessary for you to go to court if you go bankrupt. For more information, please contact us.

will I lose my house?

Questions — Tue, 19 Sep 2006 04:13:00 +0000

I am self-employed – I have had no income for the past couple of months and no revenue projected for the next couple of months. I am unable to make my payments to creditors for this month. I am exploring alternatives to bankruptcy, the only asset I have is my home. As I do not have a steady income to rely on I am concerned that I may have to forfeit my home. I do have long term projected revenues but not until 2007. Please advise.

Selling the house after filing for bankruptcy

Questions — Tue, 12 Sep 2006 21:12:00 +0000

Can I sell my house after filing for personal bankruptcy in Quebec?

Do I lose my car if I go bankrupt in Montreal?

Questions — Tue, 12 Sep 2006 12:23:00 +0000

If you own a car and it is paid in full do you loose it in a personal bankruptcy? If this is the only thing you have of value?

You bought a house but cannot keep up with the payments.

Questions — Mon, 21 Aug 2006 20:23:00 +0000

Does this sound like you?
Harold Green and his wife bought a house three years ago with a minimum down payment. They did not account for some of the additional expenses of owning a house and are now planning to file for bankruptcy. They are afraid that they will lose their house; what can they do?

What can you do?
In most provinces in Canada, debtors will not lose their house in a bankruptcy. However, if your housing costs are high (mortgage payments, property taxes, utilities) it is often wise to surrender the house. We highly recommend consulting a licensed bankruptcy trustee in your area before proceeding. A trustee can explain all of the rules to you, and make sure you understand the process. To find a bankruptcy trustee near you, click here.