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| Author: |
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Danielle |
| Date: |
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October 10, 2003 |
| Question: |
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I would like to know if only certain people with certain
circumstances can file for bankrupcy. Are there any special requirements
before you can file for bankrupcy?
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From: |
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Ann Clarke, Alger & Associates Inc. |
| Date: |
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October 14, 2003 |
| Answer: |
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To be eligible for bankruptcy, the Bankruptcy and Insolvency Act
requires that you owe at least $1,000 and be unable to pay your debts as
they come due. There are a number of other factors that come into play
when deciding whether bankruptcy is an option for you and I'd suggest
you call a Trustee to briefly discuss your situation. We can be reached
at 310-8888 in Alberta.
Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca
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