Bankruptcy Alberta: February 2007: Answers to Personal Bankruptcy Questions

Posted on Wednesday, February 28, 2007

collection agents

I owe lots of money on credit cards and only own a few assets (tv, furniture etc.) all of which have realitvely little value. I also lease a car.

Lately, the collection agency keeps calling and I can't pay, I just don't have the money to pay (nor can I afford to file a bankrutpcy either). The collection agents have said that I have to pay or they will take my car and furniture. If I don't declare bankruptcy can they do that?

Posted on Thursday, February 15, 2007

Judgement creditors

Do the judgement of costs against a person following an unsuccessful court case outlive the discharge from bankruptcy?

bankruptcy and home

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 on Thursday, February 08, 2007

cost of bankrutcy

HI I have accumulated 28,0000 in debt, the collection agents are calling, and now I have been served court papers by two of them. I owe to HBSC Master Card, Royal Visa, Provincial and Federal Student Loans (from 1992) and some other small stuff. My problem is that I am welfare, and while I just aquired a job I can not offer to pay the 1,700 fee to declare bankrupcy. What alternatives do I have?

Posted on Thursday, February 01, 2007

car loan

Quick question, If I claim bankruptcy and have a $26,575 loan on a car that is only worth 5,000 will I lose the car? Thanks in advance!

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