About The Author
Victor Fong, CMA, CIRP is licensed Trustee in Bankruptcy and Chartered Insolvency and Restructuring Professional with several years of experience in all facets of insolvency, both personal and business. Victor currently focuses on bankruptcies, formal proposals and restructuring for consumer debtors. He also devotes considerable energies to debtor rehabilitation through credit and budget counselling.
bankruptcy Archive
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Keeping RRSPs When Filing Bankruptcy
Posted on December 13, 2010 | No CommentsThere are 2 types of RRSPs: (1) RRSPs set up with a life insurance company; and (2) RRSPs set up anywhere else, like with a bank or mutual fund company.... -
Keeping a Car When Filing Bankruptcy
Posted on December 13, 2010 | No Comments“Can I keep my car when filing for personal bankruptcy?”. This is a common question and the answer depends on the circumstances… If a car is owned outright by a... -
Keeping a Home When Filing Bankruptcy
Posted on December 13, 2010 | No CommentsOne of the questions we’re most often asked is: “can I keep my home if I file for personal bankruptcy?” The answer to this question depends on your situation.There are... -
Bankruptcy and Gambling Debt
Posted on June 13, 2010 | No CommentsGambling has become a major problem in our society. I have come across many individuals who became heavily indebted because of compulsive gambling. Filing for personal bankruptcy is an option... -
Choosing a bankruptcy trustee
Posted on April 3, 2010 | No CommentsWhen choosing to work with a trustee in bankruptcy, there are 2 things you should be aware of: (1) his legal role with respect to your bankruptcy proceedings; and (2)... -
Love and money don’t mix
Posted on April 2, 2010 | No CommentsThroughout my career as a bankruptcy trustee, I have seen the following scenario play out time and time again: Girl meets boy and falls in love. He’s not perfect –...