I receive monthly disbursemnts of $770/month for roughly 9 years as a result of my disability. I have a debt load of over $12000 and a majority of this debt is a result of supplements and education expenses. I receive payments from the Acquired Income for the Severely Handicapped program and I wanted to know if I could qualify for interest relief like a low interest loan.

There are no programs that I am aware of that deal with interest relief. In Alberta, there is a program called Orderly Payment of Debts which restricts the interest to 5%, but with $12,000 of debt, your payment would be $285 per month.

You should obtain a free assessment of your complete financial situation by contacting a Trustee. If you have any further questions or want to come in for an assessment, please contact me using the information below.

We also have offices in Edmonton (780.414.1133) and Red Deer(403.350.2266) or call us on our toll free number (310-8888). If you do not live in Alberta you can contact a Trustee in your area by looking in the yellow pages under "Bankruptcy".

Shane Brenneis
403.296.2975
sbrenneis@moneyhelp.ca