Questions for Personal Bankruptcy in Alberta (Canada) only.
This service is not intended for indivduals who are already in bankruptcy or who have filed a proposal. Note that if you are in bankruptcy you should contact your Licensed Insolvency Trustee. If you cannot resolve matters with your trustee, you might want to contact the Office of the Superintendent of Bankruptcy who are the federal regulators responsible for licencing in Canada.
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Recently posted questions and answers:
I went bankrupt when I was 19 and now due to a separation and trying to get a head on my own, I now am looking at it again. I was discharged from bankruptcy years ago but is there a difference now that I have to do this again? Thanks
I have some extra money and am wondering if I should make a large lump sum payment on a debt management plan or should I pay off a credit card that wasn't included in the DMP? I no longer have the credit card, but am still paying it off. If I make the large lump sum payment, it may not pay off the total amount owing but if I put it on my credit card, it would pay it off.
I was recently a temporary foreign worker in Alberta, Canada. My work permit had expired and I was not issued a renewal. After living in Canada for 4 years (as a student and a worker) I was forced to leave Canadaâ€¦as per Canadian Immigration â€“ immediately (March 2011). I was therefore unable to close all my outstanding debts. At the moment, I was made aware that possibly interest (maybe) still being accumulated on outstanding balances. Had I known of this earlier I would have possibly looked into a bankruptcy claim earlier. Iâ€™m therefore enquiring - what are my options to resolve my debt - as I do intend to return to Canada in the near future. Obviously, being out of Canada (currently residing Guyana) makes it extremely difficult to dissolve these debts. I appreciate your assistance on this matter. Regards, Rondell Bristol
I am acheduled for discharge at the end of july. I have excess income and my trustee says that the procedue is for the trustee to oppose the discharge. Then it goes to mediation and I will be required to pay the excess with monthly payments but I will still be discharged. My trustee says that it will be like paying off a bank loan. Can you confirm that I am receiving the right information in this situation?
My wife and I co-signed for apartment condos for our daughters (2 units) about 5-6 years ago when the market was very hot. Today the units are worth less than the mortgage amounts. Both daughters have seen moved on (married) and we are still servicing the debt as they are CMHC insured properties. I have to go bankrupt as I have judgments and also owe CRA in excess of $100K (estimated - waiting for taxes to be finalized). My question - if my wife has shown that we can service the debt, will we be able to maintain the properties in bankruptcy (mine only), to save the credit of our children???
Hi there, I have been struggling with my debt management program for about a year. I have three credit card creditors, and one of them is no longer on the program. I have a steady, full-time job in insurance, but have accumulated debt over the past 5 years or so due to poor choices and family illness and death. I haven't made a payment on my student loan in 5 months (which I was only paying interest). The creditor that backed out of the debt management program is now calling. My car, worth less than $5,000 is in dire need of repair and I rely on it to get to my job. After initially declining the option of claiming bankruptcy at the start of my debt counselling, I am now wondering if this is an option for me. The amount of credit card debt I have right now is around $25,000. I'm not really sure what my options are but I was referred by a colleague to contact you as I have been struggling with this stress for quite some time now and it's beginning to wreak havoc on my health. I'm not sure what I am asking, however I would like to discuss my options with your firm if possible. Thanks, Cory
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