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Alger Bankruptcy Services


Same team, new name

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

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Bankruptcy Calgary Edmonton Q&A Forum

Author:

 

Gordon Grant

Question:

 

My wife and I are going to have to declare bankruptcy. However, we have a 2005 travel trailer we purchased new on a 15 year loan with a bank at 5%. There is still $13,900 left on it and it is secured. What happens to that? We have no other assets at all.


From:

 

Grant Thornton Limited

Date:

 

Jan 30, 2014

Answer:

 

Gordon If the trailer is worth less than the oustanding loan balance, you may continue with the payments during bankruptcy and retain the trailer.If you wish to return the trailer to the secured creditor in the bankruptcy proceedings, any deficiency would be included in the bankruptcy proceedings. Please give me a call to arrange a no charge consultation to resolve your financial difficulties.

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

 

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