I\’m being sued by a passenger of a vehicle that I was driving. The amount is far more than I would be able to pay ( > 100000). If I chose the bankruptcy route what would happen to this judgment?
Bankruptcy Alberta: Free Information about Bankruptcy in Alberta
Bankruptcy Alberta
Archive for June, 2009
Income tax
Can you declare bankruptcy from the gov\’t? Example, maintenance payments, income tax.
Bankruptcy Question
My daughter and son-in-law separated June of 2008, she left him and he is living in their marital home, title in both names.
He is now saying that he is going to claim bankruptcy and vacate the home.
He makes approximately $80,000/year, they own the home which is valued at about $130,000 and has a mortgage of approximately $120,000, perhaps a little less. The only other payment he has other than utilities is a vehicle payment. He owns a truck free & clear. They have two children 5 & 6. His child support is approximately $700 per month, house payment approximately $950 and vehicle payment is probably around $500. Can he claim bankruptcy and how can my daughter protect herself i.e. the house. The only debt she has other than her utility payments is rent.
RRSP\’s and CPP?
I have $10,000 in RRSP\’s. Will I loose them if I declare bankrupcy?
Also, what about my CPP and EI? Will I still be entitled to claim those every month?
information on website
I am wondering if the information on the \”Bankruptcy in Alberta\” website is up-to-date – particulary in the section called \”Frequently Asked Questions\”. I am asking, because I noticed references made to Bill C-55, but that seems to have been replaced by Bill C-12, and the answers to the FAQs do not seem to be consistent with Bill C-12 which was passed in December of 2007.