I live in Alberta we own a home and the equity would be under the 40,000 we have over 60,000 in unsecured credit card and line of credit cards. I was injured over 3 years ago and have not been able to work since. I get a payment of 460.00 a month from WCB and my wife works full time making about 2200 per month. We have two children still living at home and are both in grade 12. We have been using everything to survive the last few years. We used all our rrsp that we were able to get at to make payments; I have 25000 in RRSP that are locked in and can't get at. We are only behind in 3 payments on the largest credit card but are unable to pay it. We have 3 cars in my name the first one is a lease the second one is a 92 van that is paid for worth about 2500 the 3rd one is my daughters they paid for it and have the receipt that they paid for it. They cashed in their Canada savings bonds to buy it 2 years ago but I registered the car in my name to get insurance cheeper. The car is only wort 1500 anyway but will they lose it because its in my name. I feel bad about this. Also we have gone bankrupt twice before. I think the dates were 1983-1992, but since then have had excellent credit until the work injury and major surgery, and to make things even stranger 3 weeks after major surgery I was involved in a mva that was not my fault. If I win anything will I lose this money too? I would like nothing better than to pay everyone and I have filed an appeal on the wcp payments worth over 60,000 that I would exspect to go to the bills I owe as it would have if I was getting the money monthly. Also, do you handle bankruptcies in Medicine Hat, Alberta. Thanks.

Your daughters will not lose the vehicle if you file for bankruptcy but you will need to prove that it is theirs and you may need to make some payments into the estate for it. Any portion of the settlement relating to wage or property loss would be payable into the bankruptcy but the pain and suffering portion would be yours. Unfortunately, we do not have an office in Medicine Hat. Please check the yellow pages for a local Trustee.

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