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Alger Bankruptcy Services

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Hi, I am newly self employed and am a lease operator truck driver. I have had nothing but problems with my truck and am going broke because my truck has so many engine issues. If I were to claim business bankruptcy how would that affect my personal credit? The equipment loans have my buisness name, my name and my wife's name on all the documents. We own our home but want to buy a different home so I'm just wondering if I were to surrender my truck if this would affect me qualifying for personal mortgages and loans? Thanks



Grant Thornton Limited



May 20, 2014



Thanks for the question. Both you and your partner are liable for the business loans including the truck. Based on your comments it appears there would be a deficiency due to the creditor who financed the truck which will affect your credit and likely your ability to qualify for a new mortgage. Please contact me to set up a no charge consultation regarding your financial concerns.

Marie Kozlowski
T 403-296-3082


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