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Alberta bankruptcy Q&A forum

Question:

 

Hi,just want to know that if a person file a bankruptcy and at the same time had a full time job ,does the bankruptcy take your pension and other benefits also ,how does bankruptcy works .


From:

 

Grant Thornton Limited

Date:

 

Oct 10, 2017

Answer:

 

Hi Tariq, Bankruptcy allows the creditors to recovery the minimum amount based on your financial situation while giving you financial relief. Your family income is compared to the low income cutoff to determine the minimum payments made in bankruptcy. Family income would be the earned income as well as pension and other benefits received to pay expenses. We would be happy to discuss the process in detail either in person or over the telephone. Please contact us at 310-8888 to talk to one of our professionals.

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

 

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