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Alger & Associates personal bankruptcy services are
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Alberta bankruptcy Q&A forum

Question:

 

Hello. I am considering personal bankruptcy in Alberta. I am an Alberta resident. I own a house in Arizona that generates no income and is not tied in any way to any Canadian loans or assets. I want to protect it. Do I have to include this property? Is it exempt?


From:

 

Grant Thornton Limited

Date:

 

Mar 15, 2016

Answer:

 

Hello, Unfortunately, a property in Arizona is not exempt in bankruptcy. You required to fully disclose the debts and assets in a bankruptcy proceeding. You may want to contact our office to discuss the bankruptcy and proposal processes.

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

 

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