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 trustees


Bankruptcy Calgary Q&A forum



My mother will be filing for bankruptcy in the next few weeks and recently came into a windfall of $7,000. What are her options for using this money prior to filing? Is she able to spend money on items in the exemption list up to the amount specified? Can she gift any money? Thanks, Chris



Grant Thornton Limited



Aug 04, 2016



Hello, The windfall would be consider as an asset payable in bankruptcy. I can't advise where the windfall can and should be utilized. But there should be full disclosure at the time of signing. Perhaps you can seek the advise / suggestion of a lawyer.

Susan Methuen
T 403-310-8888


For debt help and bankruptcy in Calgary, Edmonton, and throughout Alberta, call TOLL FREE from anywhere in Alberta: 310-8888

We're here to take your call!
In person:
Mon to Fri: 8am-4:30pm.
Over the phone: Mon to Fri: 7am-5pm, Sat & Sun: 9am-3pm



All locations

© 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 # 


Ask for