Search site             Home line  About us line  Contact us line  Ask an expert   line  Forms line  Corporate recovery      

Alger Bankruptcy Services

Same team, new name

Alger & Associates personal bankruptcy services are
now provided by
Grant Thornton Alger Inc.

Receive a callback from one of our bankruptcy trustees


Edmonton, Calgary bankruptcy Q&A forum






If I claim bankruptcy in Alberta, do I have to leave my home? What are the rules in regards to owning your home when you claim bankruptcy?



Alger & Associates Inc.



Apr 27, 2013



Jeannie No you do not have to leave your home. Firstly of course you need to keep your mortgage payments up to date. You will need to have the market value of your home determined by way of either a realtor evaluation or an appraisal. If the equity in your home is less than $40,000, it is exempt. If the equity exceeds $40,000 you will have to make arrangements with the Trustee to pay the amount over $40,000 into the bankruptcy through refinancing or payments over time. If you have any further questions, please contact me.

Marie Kozlowski
T 403-296-3082


For Alberta Bankruptcy help, call TOLL FREE from anywhere in Alberta: 310-8888
We're here until 9 PM weekdays and 9 AM to 4 PM on Saturday to take your call



All locations

© 2011 Grant Thornton Alger Inc. • All rights reserved

back to Bankruptcy Alberta home

Confidential callback from a bankruptcy professional

Please call me

As soon as possible
Today at
Next business day at

My Phone # 


Ask for