Questions for Personal Bankruptcy in Alberta (Canada) only.
This service is not intended for individuals who are already in bankruptcy or who have filed a proposal. Note that if you are in bankruptcy you should contact your 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 resopnsible for licencing all bankruptcy trustees in Canada.
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Recently posted questions and answers:
Hello i will give some history first,2 years ago or longer,I went bankrupt,I signed my house over to my ex. I got in debt to Canadain tire bank for $5200,Because i got sick just got on Aish in alberta.I cant afford to pay my debt at anytime now.Im getting threat of legal action against me and the house,can they put a lien on the house for a unsecured credit card ?
Hello I am at a very bad point. I am thinking of fiking for bankrupcy. I have missed car payments for a month and a bit. I am still young and just need some help in which way to go. The last thing I want is to file for bankrupcy but I feel it is my only option at this point.
So my ex husband went bankrupt. I received all the paper work from his bankrupt lawyer, It has been files in the courts. Now on the paper where our mortgage is...it says Contingent $=125,100.00 What does that mean? we are both on the mortgage, I want the land titles since I'm paying alone for over the past 3 years. Any thing I can do? He says to contact his bankrupt lawyer for the title? Why should I pay for the next 8 years and then have him take the house on me?
My daughter and son-in-law live in Alberta. He has an incorporated company. The business has no assets; he is a general laborer. He is the sole director of the business. Unfortunately a couple of years ago he was injured and found out then he didn't have the proper injury insurance. Consequently I had to help them financially for almost a year just to cover their expenses; mortgage, etc. They got behind with a credit card, bank loan and CRA. In Alberta, in order to get WCB (workers comp) he has to be incorporated. They have been told that if they go personally bankrupt he cannot be a director of his company which we think means he loses his WCB and can't get work. They have tried negotiating with the bank (CRA is no problem) but it seems they are pushing for them to go bankrupt to close the file. The monthly payments are more each time they go back and unrealistic. Any thoughts on this because they don't know what to do.
I am in the process of foreclosure of my home. The court has granted me permission to try to sell my home in lieu of the bank taking it. I only until July 7th to sell it. The value of the home according to the appraisal, is much lower than what I owe towards the mortgage, so even if I sell I will still owe the bank the remainder of the funds as well as all of the other debt I have accrued. I know bankruptcy is probably my only option but is it worth the time for me to try to sell my condo in lieu of letting the bank take it. Personally at this point I am in the process of applying for income support, as I have not been able to get another job since I was let go last year. Please advise any options I may have.
My friend did a consumer proposal 5 years ago when her and her husband separated and he let everything go into default. She was given 4 years to pay it off, but actually paid it off in 14 months. That was in 2014. How can she rebuild credit after something like that and how long does it take. She can't even get a credit card at this point to try and rebuild credit.
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