Search site             Home line  About us line  Contact us line  Ask an expert   line  Forms line  Corporate recovery      

bankruptcy trustee


Same team, new name

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

Receive a callback from one of our bankruptcy and debt help experts

 

Alberta bankruptcy Q&A forum

Question:

 

We have about 40,000 in debt. Currently waiting to see if the bank can offer a consolidation loan over the 7/8 years to make payment less than $600 a month. If we went the bankruptcy route, does the bank take your car and house? How does it work? I have 2 months left on EI, husband has had 2 pay cuts, I am looking for jobs but no reply yet.... If we get the loan we can do it... To the penny...and only if I find work after April bringing in minimal 1400 a month. The worry is that I won't be able to find a "good paying job" with the markets so flooded. Thanks


From:

 

Grant Thornton Limited

Date:

 

Mar 15, 2016

Answer:

 

Hi TJ, Typically people don't lose their home when they file bankruptcy if they can afford to continue with the mortgage payments. The same goes for a vehicle. The Trustee will review the equity available with you before you file a bankruptcy or proposal. Perhaps you would like to a consultation to discuss bankruptcy and proposal so you can make an informed decision. Please contact our office at 310-8888 to speak to one of our professionals.

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

 

For debt help and bankruptcy in Calgary, Edmonton, and throughout Alberta, call TOLL FREE from anywhere in Alberta: 310-8888
We're here until 9 PM weekdays and 9 AM to 4 PM on Saturday to take your call

 

 

All locations
310-8888

 

© 2011 Grant Thornton Limited • All rights reserved


back to Bankruptcy Alberta home

Confidential callback from a bankruptcy professional

Please call me

As soon as possible
Today at
Next business day at

My Phone # 

Extension  

Ask for  

×

×