Facing Bankruptcy in Alberta? We Can Help!

Posted on Friday, May 02, 2008

personal bankruptcy

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?

Labels: bankruptcy

Posted on Friday, April 18, 2008

Can I file without husband or an income?

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?

Labels: bankruptcy

Posted on Wednesday, April 16, 2008

work truck lease

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

Labels: bankruptcy

Posted on Saturday, July 07, 2007

Proposal and Bankruptcy in Alberta

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.

Labels: bankruptcy, consumer proposal

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Recent Bankruptcy Questions:

Posted on Friday, May 02, 2008

personal bankruptcy

Posted on Friday, April 18, 2008

Can I file without husband or an income?

Posted on Wednesday, April 16, 2008

work truck lease

Posted on Saturday, July 07, 2007

Proposal and Bankruptcy in Alberta