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:
Hello, I am citizen of Calgary, and now have finance problem. I stopped working due to my parkinson descease, my income is from AISH and CPP disability. I owe my credit about $50,000 and it is difficult to to pay the monthly payment and the money is only go to the interests. Is it possible to apply for bankrucy and how is it work? Would you mind to help to solve my problems? Thank you very much. Helen
If a company has a title claim on a property (life lease registered in first position), that has 100% of the equity owing to the resident and not the company. And if the comapny goes bankrupt, how is this removed from the title.
Hello... During a bankruptcy in Alberta if a home is sold with less than 40% equity after closing costs... Do the remaing funds (equity) go into the bankruptcy or do they remain exempt?? Also, if in bankruptcy... Are monies received from a lodger (adult child) in the home considered income?? Thank you...
My husband and I believe we may need to file for bankruptcy as our income has recently been lowered and we are struggling with our debt. We plan to sell our house and pay off most of our debt. Will we get in trouble for selling our house if we decide we still can't handle our debt load after the dust settles?
I have tax debt from my sole proprietorship business that exceeds $100000.00 plus $25000 gst owing. I also have close to 40000 in credit card debt and a holiday trailer andtwo vehicles. I'd like to keep paying the vehicles. I can't see a way to pay back the taxes. Is bankruptcy an option for me
Hello I filed for bancruptcy 8 years ago or maybe more. I was discharged in January 2010. I was speaking to a credit advisor at RBC today and he said that bancruptcy stays on record for 7 years in alberta, is that true? I thought it was 6 years but I could be wrong.
I have had an account in which I declared bankruptcy then received total discharge. This account will be going on 6 yrs in May 2016. My question is is that what happens after 6 yrs if account hasn't been paid even though it's in collections. This is in Alberta
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