bankruptcy alberta
    Province of Alberta Bankruptcy Forum

Author:   tcihmp
Date:   December 5, 2003
Question:  

I am thinking about filing for bankruptcy and decided to buy an engagement ring on credit. Will the ring be taken away?

 


From:
 

Ann Clarke, Alger & Associates Inc.
Date:   December 5, 2003
Answer:  

If you purchased the ring in the last few months and knew that you were unable to pay for it, you will likely have to give up the ring or pay the Trustee its value.

Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca




 
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