We have a vehicle loan with the maker of our car and it is secured by the vehicle. If we stop payments and offer to return the car, will the loan still be payable?
Bankruptcy Alberta: Free Information about Bankruptcy in Alberta
Bankruptcy Alberta
Archive for October, 2009
Cost for business bankrupcy
I have been trying to do an orderly shutdown of my business, however my landlord is not willing to negotiate a settlement of any type.
What is the cost to file corporate bankrupcy in Alberta? (or the cost-range).
Income of 4 and bankruptcy in Canada
Question: How much can a family of 4 make with going bankrupt in Canada? 2 adults 2 kids
Answer: In Alberta, or anywhere in Canada, a family of four is permitted to have net income each month of $3,474. If your family income exceeds that amount, you have surplus income, and you are required to pay half of your surplus income into your bankruptcy estate.
For example, if the net family income was $3,874, you are $400 over the limit, so that month you would be required to make a surplus income payment of $200.
Your Alberta bankruptcy trustee can provide you with more details.