| Author: |
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Colleen |
| Date: |
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June 25, 2001 |
| Question: |
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My bother will be visiting me from B.C. this next
couple of weeks and I've suggested to him that one of his options is to
file for bankruptcy. What is the difference in the rules in Alberta vs
british columbia? He resides in Burnaby and works real estate in the lower main land. Is
there a number for B.C. information, and are the rules and advice of
Trustee's in B.C., similar to the type of agency you provide to the
residents of Alberta? Thank you in advance for any information.
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From: |
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Ann Clarke, Collins Barrow Limited |
| Date: |
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June 26, 2001 |
| Answer: |
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Bankruptcy comes under federal legislation so the rules for Trustees and bankruptcy procedures are pretty much the same across the country. The major thing that differs between provinces, however, is the law for
property. Alberta and B.C. have different exemptions (things you can
keep). If your brother lives in B.C then he must file for bankruptcy
there. A Trustee who has several offices on the lower mainland is Sands
and Associates and their website is: www.sands-trustee.com.
Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca
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