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| Author: |
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Nene |
| Date: |
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February 25, 2003 |
| Question: |
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I'm in the process of going Bankrupt and I would like to ask a few questions.
- Will I be able to take out a student loan once I go bankrupt?
- Will I be able to keep my American Express card?
- Can they take my car that I own?
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From: |
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Ann Clarke, Alger & Associates Inc. |
| Date: |
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February 25, 2003 |
| Answer: |
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- You may or may not be able to obtain a Canada Student Loan once you are bankrupt. You should contact Student Loans to determine whether you would be eligible.
- You cannot keep your American Express or any other credit card in bankruptcy.
- The value of the car and any encumbrances on the vehicle will determine whether or not you can keep it. Your Trustee will advise you once he/she knows the details.
Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca
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