Logo Alberta
Bankruptcy Alberta: Free Information about Bankruptcy in Alberta

Bankruptcy Information
Home
Frequently Asked Questions
What is Bankruptcy
Consumer Proposals
Bankruptcy Statistics
Bankruptcy Links
 
 
 


Questions
Find An Expert Near You
 
Previous Posts
cost of bankrutcy
car loan
bankruptcy eligibility
workers comp.
vacation club
retaining assets
consumer proposal
Subsequent Bankruptcy
Post Bankruptcy
credit rating minus bankruptcy
 
Archive
November 2006
December 2006
January 2007
February 2007
March 2007
April 2007
May 2007
June 2007
July 2007
August 2007
September 2007
November 2007
December 2007
February 2008
 
Site Feed
Atom Site Feed
Rss Site Feed
 
More Resources
Personal Bankruptcy in Canada
Bankruptcy in the USA
 
Alberta Cities
Airdrie
Banff and Canmore
Brooks
Calgary
Drumheller
Edmonton
Medicine Hat
Okotoks
Olds
 
Ask A Question from Bankruptcy Trustee for Alberta Alberta Legislative image
 

bankruptcy and home
 
 

Posted on Thursday, February 15, 2007

If my husband files for bankruptcy what happens to our home? It is in my name right now but at the time he took out this business loan we were living in a different house that was in both our names, could they make us sell our current home to pay out the bank?

posted by Questions @ 8:40 AM  

1 Comments:

  • At 9:50 AM, Blogger Barton Goth, GCO, Bankruptcy Trustees said…

    In Alberta we are bound by the Dower Act. Essentially this says that it makes no difference whose name the house is in, if you both live their and both contribute to the benefit of the household the asset belongs to the both of you. While it is difficult to say what the creditors will do, technically speaking as a result of these Dower Rights you may have some issues that could impact the property.  

Post a Comment

<< Bankruptcy Alberta

 
back to top Go to the top of the homepage
spacer
 www.bankruptcy-alberta.com is a free resource for residents of Alberta Canada
 Privacy | Legal Terms | Site Map
 © Focus Website Marketing Inc. SEO Services by Nautalex