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Bankruptcy Alberta

Archive for the ‘bankruptcy’ Category

Unemployed

If you lose your job and are unable to pat any amount due to no income does a person lose pay when they obtain work again after bankruptcy?

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.

Leasing a Vehicle

If I file a consumer proposal or bankruptcy, does this mean I lose access to my vehicle too? I currently lease my vehicle.

Home after bank ruptcy

Can I buy the home after discharge from bankruptcy…I saw on home that is Condo and very small near to my rent…

bankruptcy on debts

If you declare bankruptcy do you still have to pay the debts off,or not. Are you free and clear.

Bankruptcy

If you file for bankreuptcy, do you lose your old age, cpp and past employment pension. Also, if you have a term life insurance policy, can you keep it.

Bankruptsy

Do you still get your old age and CPP pensions if you go bankrupt.

GST Credit

I am quite confused. The GST credit is not considered property of the bankruptcy estate, and it is listed as federally exempt property as essential to the living needs of individuals, yet our trustee tells us that we will not recieve it. Please explain this for me.

Income tax

Can you declare bankruptcy from the gov\’t? Example, maintenance payments, income tax.

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