Yes, you need to file it because it has to be shown for legal reasons to show your accountant and superiors. Also it can also be evidence to show what was the actual cause of bankruptcy because sometimes it's not always debt.
TIP: Always keep a note of what your incomes and the money you take out to stop you going into debt and eventually bankruptcy!
No.
No, you can't get fired for filing for bankruptcy because as what federal law prohibits an employer to discriminate against you for declaring personal bankruptcy. In fact, you will probably be happy and relieved to know that your constitutional rights protect you from being fired for filing bankruptcy. Yes, it is a violation of your rights, not to mention a crime to fire someone for filing bankruptcy. So, don't worry your job is safe.
After filing for bankruptcy in Canada you may borrow money. The risk is borne by the creditor. During bankruptcy, after filing but prior to being discharged, you may obtain credit with a value of up to $1,000. without advising the creditor of your bankruptcy. Should you seek to borrow more than $1,000 you are obliged to advise the lender that you have filed for bankruptcy.
The average here is the Central District of California is about $1,500-$2,500 for chpt. 7 and $3,500 for a chpt. 13
If you receive a pay raise after filing for bankruptcy, it will not change things. In fact, the pay raise will end up being surrendered.
You can, but it will likely be reviewed and reversed by the court as being preferntial and in anticpation of bankrutpcy.
not at the same time, and you'll have to wait a certain period of time after being dismissed/discharged from one before filing the other.
You can open a bank account immediately after filing for bankruptcy. There really is no waiting period.
bankruptcy will effect for your credit for an average of 7 years..consider it a way of purging the bad and being flagged for "high risk" until your prove yourself again
They can include it, but the creditor/landholder can file a relief of stay to have the debt excluded from being discharged in the bankruptcy. The decision of what debts are to be discharged are determined by state and/or federal law and the bankruptcy judge.
The first step in filing for bankruptcy will involve a "means test" conducted by the court to determine your ability to pay your creditors and also looks at your financial status as compared to the average person in your area. The next step before being allowed to file is credit counseling. Upon filing for bankruptcy (provided that the 2 steps just mentioned are met) you must submit paperwork showing your income, debt, etc.
It may, I would make sure they are listed as a creditor upon filing.