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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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Alberta bankruptcy Q&A forum

Question:

 

Current situation is $72000 in unsecured credit card and line of credit debt. Own outright recreation land which the bank won't give a mortgage valued about $130000. Live in rustic/basic cabin on property so there is a utility trailer, wood splitter, wood chipper, riding lawn mower, two old vehicles, old style trailer, some fishing gear and wood working tools as a cabinet maker. Currently unemployed due to stress caused by debt and alcoholism. The debt requires $1950/m to service and so using remaining available credit to pay each. Returning to work is best but can not live and pay this debt at the current rates. A mortgage for $75K for 10 years would only be $749/m. That could be managed but not continue the current payments. At wits end, frustrated, would rather pay off debt than declare bankruptcy but seems no way out. thank you


From:

 

Grant Thornton Limited

Date:

 

Jun 12, 2014

Answer:

 

Hi Thai A Consumer Proposal would help you resolve your financial situation without the need for a bankruptcy. This is a no interest, flexible agreement with your creditors usually to repay a portion of the debt you owe. Please call me or email me at marie.kozlowski@ca.gt.com and I would be happy to explain this option to you and/or set up a no charge consultation to discuss your financial situation.

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

 

For Alberta Bankruptcy help, call TOLL FREE from anywhere in Alberta: 310-8888
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