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Calgary bankruptcy Q&A forum

Question:

 

My Parents are in a heaping mound of debt and are homeless right now because my dad lost his job. They claimed bankruptcy many years ago but not sure if it ever cleared up. My question is how much debt is too much debt to be able to claim bankruptcy and how long would it take to build their credit back up?


From:

 

Grant Thornton Limited

Date:

 

Jul 20, 2016

Answer:

 

This will depend on what your parents can afford. I would suggest that they contact our office to discuss the option a bankruptcy or a payment plan depending on what they can afford.

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

 

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