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| Author: |
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let |
| Date: |
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July 23, 2003 |
| Question: |
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My husband is going to file a bankruptcy. Is it going to affect our house right now? We own 75% of it.
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From: |
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Ann Clarke, Alger & Associates Inc. |
| Date: |
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July 23, 2003 |
| Answer: |
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In Alberta you are allowed to keep up to $40,000 equity in a house and you keep making your mortgage payments. Your Trustee will explain what happens if you have more than $40,000 equity.
Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca
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