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Alger & Associates personal bankruptcy services are
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Bankruptcy Calgary Q&A forum

Question:

 

I am considering a bankruptcy (or perhaps consumer proposal) after an epic 3 year separation battle in the courts has left me in an unsustainable debt situation. But I'm wondering what happens to a current ongoing civil lawsuit. It's not a creditor though, its my ex's ex-girlfriend suing me for 275k (about our family home which she was at some point the titular owner... anyway its an epic separation - there were 5 lawsuits total, only this one remains). There is 90k paid into court over this (equity from the foreclosure) ... tbd but not likely to be resolved without a trial and that is a year away still... what happens to that beast? Thanks! Just might be needing your services soon! Anne


From:

 

Grant Thornton Limited

Date:

 

Feb 22, 2017

Answer:

 

Hi Anne, Should you decide to file for bankruptcy, the Trustee will have to review your interest in the lawsuit/ equity paid into Court as it is potential monies available to pay your creditors. I would suggest that you sit downtown with our office to discuss the bankruptcy process and review the details of the lawsuit and how it may affect you.

Susan Methuen
T 403-310-8888
susan.methuen@ca.gt.com

 

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