Question: can i draw money from my credit cards and keep it just before i go bankrupt?
Answer: No. Drawing money from credit cards before filing for bankruptcy would be considered fraud, and you would be required to pay it back, even if you went bankrupt.
Question: What would be the best way to rebuild credit after filing bankruptcy?
Answer: For residents of Calgary, Alberta, after the conclusion of your bankruptcy the most important step you can take is to begin saving money. By saving money you will have a significant down payment in the future to buy a car or house if needed.
To rebuild your credit after bankruptcy, one option is to get a secured credit card. You give the credit card company a deposit, and they give you a credit card with a credit limit equal to your deposit. The credit card appears on your credit report, and shows that you have begun to rebuild your credit.
Question: If I file bankruptcy, how it is going to effect on my wife and her salary. Will her income be considered in family income during bankcruptcy and do we have to pay 50% off her monthly income.
Answer: Yes, surplus income in bankruptcy is based on family income, so if you go bankrupt, your wife’s income will impact your bankruptcy payment.
However, you are not required to pay 50% of her income if she is not bankrupt. Surplus income is calculated for the family, and then you pay only your portion of that income. Here is a link to an example surplus income calculation where there are two people in the family, and only one person is bankrupt.
Question: We rent to a person who has just filed Chapter 13 Bankruptcy. Can we evict him if he doesn’t pay his full rental payment on our property that we rent to him?
Answer: Unfortunately this is the Bankruptcy Calgary Alberta web site; a Chapter 13 Wage Earner Plan is only available in the United States, and we are not qualified to answer that question. We suggest you contact a U.S. bankruptcy attorney.
