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Alger Bankruptcy Services


Same team, new name

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

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Edmonton, Calgary bankruptcy Q&A forum

Author:

 

ernie lavoie

Question:

 

are inheritance funds included in a bankruptcy



From:

 

Grant Thornton Alger Inc.

Date:

 

Nov 01, 2013

Answer:

 

Ernie Inheritance funds that you are entitled to receive at the date of Bankruptcy(i.e. where there has been a death and you are waiting dstribution of funds) or inheritance funds you become entitled to during a bankruptcy(i.e. a death during your bankruptcy) are non exempt and must be paid to the Trustee. If you expect to receive an inheritance at some point in the future and have debt problems, consider filing a Consumer Proposal to pay off your debt over time at no interest. Under this scenario the inheritance funds are not lost however you can pay off the Proposal using a lump sum from the inheritance. I would be happy to discuss the benefits of a Consumer Proposal in more detail, give me a call. Thanks for the question.

Marie Kozlowski
T 403-296-3082
Marie.Kozlowski@ca.gt.com

 

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