Monthly Archives: May 2007

Question: If you file for bankruptcy do you lose the monthly child tax credit for your children? Child Tax Benefit and Bankruptcy The federal child tax benefit in Canada (CCTB) is a tax-free monthly payment paid to eligible families to help them with the cost of raising children under age… Read more

Question: I have made a informal proposal which was accepted. I paid my creditor 50% of the outstanding debt to clear the debt. If in a year or two things get better for me financially, will I be able to apply for a credit card again, or will I have… Read more

Question: My mom owns her home (no mortgage) but has a line of credit owing with the house as collateral. If she was to declare bankruptcy would she need to sell the house to pay off the line of credit owing or would it be considered a debt and be written… Read more