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Alger Bankruptcy Services

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Bankruptcy Calgary Edmonton Q&A Forum



Hi, I had an incorporated company, which I kept afloat with the line of credit that was on my house. I have a business consolidation loan and company visa line of credit. The company has failed and I can no longer make the payments. My estranged husband has paid me all my equity from the house. Can I claim business bankruptcy? What are my options? Thank you



Grant Thornton Limited



Jan 15, 2015



Hi Melisha Bankruptcy of your corporation will not deal with any debt relating to the company if you are personally liable/ jointly liable or have guaranteed the corporate debt. A bankruptcy for your corporation would only be feasible if there were assets in the corporation to liquidate and distribute to creditors. Please call me or contact me by email and I would be happy to meet with you to discuss your financial concerns. Thanks for the question.

Marie Kozlowski
T 403-296-3082


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