Bankruptcy Alberta

personal bankruptcy

2008-05-02T15:50:00.002-05:00

If I rent the basement of my mothers house can they come after her and make her sell her house?
She bought and paid for a car which I drive 9 years ago can they seize it?

Can I file without husband or an income?

2008-04-18T13:13:00.002-05:00

I have about 30K in credit card debt. I have zero income right now as I just finished maternity leave and have a second child due in 2 weeks. (the 2nd was not planned or expected) My husbands income barely covers necessities never mind minimum payments. Can I claim bankruptcy without him? How would payments be worked out if I can\'t work? (due to being pregnant and a mental condition) We tried for a consolidation loan but we were denied. Is bankruptcy an option?

work truck lease

2008-04-16T00:46:00.003-05:00

can i keep my leased work truck as it is neccesary for my job as a contractor and my only vehicle, i do not own any vehicle at all, the lease is in its early stages and i deem a worthy modest business expense going forward,also i have no means to buy a cheap used truck if i return the truck to the leasing company,i\'m considering bankruptcy or a proposal. also if i go bankrupt and return the truck can i lease another truck right away AFTER bankruptcy

wage garnishee

2008-03-19T10:57:00.002-05:00

how much can be garnisheed from wages and what is taken into the diciding factor of that

Discharge

2008-03-09T15:08:00.002-05:00

I have completed all the requirements from my bankruptcy. This is my first bankruptcy. Now the trustee is going to file for my discharge.

How long does a discharge take???

What if one of the people have been bankrupt before?

2008-02-23T15:44:00.002-06:00

What are the discharge options if one (of a married couple) has been bankrupt before? Are they both discharged at the same time?

Home

2008-02-21T09:48:00.002-06:00

I live on an acreage, will I have to give up my home if I declare bankruptcy - I can manange the payment if I have no other debt.

child tax credits

2008-02-09T10:27:00.002-06:00

When in bankruptcy what happens to my child tax credit.

3rd bankruptcy

2008-02-07T08:23:00.002-06:00

i filed 22 years ago and 15 years ago, do i have to mention those if im forced to file a third time. whats going to happen if i file a third time

Psychologist & bankruptcy

2007-12-20T16:50:00.001-06:00

If a psychologist is running a business and that business declares bankruptcy, is a psychologist still able to practice?

Is it limit of dischsge on consumer bankruptcy?

2007-12-13T22:02:00.001-06:00

Proposal up to $75000, Is it limit of dischsge on bankruptcy? What if I owe more than $75000 including student loan? In case of personal bankruptcy.

chirstmas bonus

2007-11-11T02:12:00.001-06:00

if you recieve a bonus from your boss does this have to be included in your income and if so what happens to it, are you allowed to keep it

Bankruptcy

2007-11-02T17:32:00.001-05:00

Is it possible to go bankrupt in Alberta when money is owed to an insurance company in B.C for a vitality caused by a motor vehicle accident in B.C?

Reversing Bankruptcy?

2007-11-01T18:26:00.001-05:00

Is it possible to reverse a bankruptcy if one comes into a financial winfall?

leaving Alberta

2007-09-25T19:49:00.000-05:00

If I leave Alberta Canada what happens to my debts?

If proposal what about husband, secured credit, and being commission?

2007-09-23T07:31:00.001-05:00

Can I do a proposal for just myself or is husband's automatically included? If I can do single, what about our joint debt? Since proposal for unsecured, what happens to secured? We have 2 leased vehicles and a mortgage. Can we continue to pay them or do we have to sell? Would our mortgage refinancing at term end (4 years left) be effected by having a proposal on other debt? Also, income is on commission. Base is only $1200/month. Usually make $2000/month. How is budget income determined for proposal? Thank you for your help.

Proof of discharge

2007-09-11T12:09:00.001-05:00

Which kind of document can be requested to prove that somebody has been dicharged of his/her bankruptcy ?

Marriage Problems

2007-09-05T21:32:00.001-05:00

Is credit counselling an option for me? My wife is having an affair and won\'t attend counselling with me. I\'m trying to fix things as I love her and we have minor children - but she\'s spending money like crazy. We have four credit cards and line of credit almost maxed out. I need to stop the bleeding until I decide my next course of action.

Thanks.

monetary gift while in bankcrupcy

2007-08-21T14:10:00.001-05:00

what happens if a family member comes into money and wants to give all other members of his family a gift of money.

Hello.

2007-07-25T17:45:00.001-05:00

Your are Great. And so is your site! Awesome content. Good job guys!

How about my husband

2007-07-16T22:27:00.001-05:00

if I file for bankruptcy what happes tomy husband. Right now we have a joing account, the mortgage is only in his name, but is the secondary borrower on 2 of my credit cards. Will this affect my husband? Can I simply pay these off before I file for bankruptcy?

2007-07-13T09:08:00.001-05:00

I owe approx. $86,000, mostly credit card and lines of credit at a variety of financial institutions. I cannot continue to make all regular payments, perhaps I could sell my home but the equity after commissions etc would only be around 40k.

Is it possible to do a proposal to my creditors to pay this equity in and would they consider this as a viable offer?

discharge

2007-07-11T17:33:00.001-05:00

This is my 1st bankruptcy and I expect to be discharged any day now. This is my question, are the creditors listed in my bankruptcy still able to persue me if I come into an inheritance or happen to win a lottery?

Proposal and Bankruptcy in Alberta

2007-07-07T12:04:00.000-05:00

Question: My husband filed a consumer proposal 2 years ago. I chose not to as I felt I could pay these debts. We are now in a situation where we can't meet our monthly obligations, never mind the debts I owe. What is the best plan now? We owe over $46,000 (including proposal). Is anulling the proposal and filing for bankruptcy an option?

Answer: You and your husband have three options.

First, he can continue on with his proposal. You could then file your own consumer proposal, file bankruptcy, or deal with your debts in some other manner.

Alternatively, your husband's proposal could be annulled, and he could file bankruptcy. Your options remain the same.

It is not possible to annul a proposal and then file another one, unless you have the prior permission of the bankruptcy court, so in your case that is not an option.

These are complicated decisions, so we suggest you contact an Alberta bankruptcy trustee to meet with you and review both you and your husband's situation in more detail to determine which option is best for both of you.

What happens to HBP repayments?

2007-06-04T15:06:00.001-05:00

During bankruptcy I lost my home because it was in BC and being rented out. I bought it using a 10% down payment from my RRSPs that was to be paid back within 15 years. I no longer have the RRSP accounts or the home, but Revenue Canada wants the annual allotment for the HBP payback. Where does this money go? I have been discharged and am no longer affiliated with the bank that held my mortage. Does it revert back to an RRSP in my name? Who should I be speaking to about this?