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