Alberta Bankruptcy Question & Answer Forum
Questions for Personal Bankruptcy in Alberta (Canada) only.
This Alberta Bankruptcy forum is not intended for indivduals who are already in bankruptcy or who have filed a proposal. Note that if you are in bankruptcy you should contact your trustee. If you cannot resolve matters with your trustee, you might want to contact the Office of the Superintendent of Bankruptcy who are the federal regulators responsible for licencing all bankruptcy trustees in Canada.
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Hi, I am self employed and have been supporting the entire family, i.e. food & shelter; while my husband struggles with his business. Since he owes a lot of money and has no real steady income, I'm very worried about our future if he files bankruptcy? The house is under my name and our 23 yr old son lives with us & is working part time while attending university. My #1 concern is will I AND my son (particularly) be dragged into liable for my husband's debt?
i am bankrupt since 28/06/2010 but few creditor are still chasing for money in that case what is my right to get them off from my back
Hello, I am on sick leave throu ei. I have no money to pay bills or even eat. my depression keeps me in the house and I am not able to deal with the stress of creditors. I've made attemps on my life before and take medication for my depression. I had a very well paying job that I was forced to quite due to this medical condition.
What are my options and will I have to lose everything. My ei has not started but I have qualified. Any advice or help would be welcome.
i owe approx 42000 in unsecured debt and back taxes to the gvt of over 10k ..i have had health issues in relation to my financial problems ..when i am able to work the only way i can is as a courier ...my truck has a value of aprox 16000 ..with out it i will have no income ..will i have to surrender my truck ? also will bankrupcy cover my taxes ..and i am considering a move to england ..will i be able to and will it follow me there , where if i gain employement i have to send my income back to canada?
Hi:
In 2000 invested over $200,000 of RRSP funds in a Canadian Controlled Private Corporation (CCPC) in an RRSP strip program. At the time all of the compliant paper work was in place with the trustee, a stock brokerage firm holding the instruments in my RRSP account.
Canada Revenue Agency has now issued me a notice that this matter will be referred to criminal investigation. They are assessing me for back taxes of about $117,000. I also owe about $200,000 in unsecured lines of credit and credit card debt.
Due to recent divorce proceedings which are not finalized, I will likely be able to pay my monthly debts soon and may likely need bankruptcy protection.
I believe that if there are criminal fines arising from this C.R.A. action, the fines will survive the bankruptcy. Is this true?
Would the $117,000 in back taxes be released after I am discharged from bankruptcy?
I was not a director nor did I perform fiduciary duties for the CCPC so I am assuming section 178 of the Bankruptcy Act (for debts not released by order of discharge) would be applicable, correct?
-Anonymous
I got scammed four money and i have nothing wondering if there was any possible way if i was able to get a 5000 grand loan of financial aid to get back on my feet
I entered into consummer proposal in December '09 and agreed to pay $15000 over five years. At the time i was working full time and was making too much money to qualify for bankruptcy. Now I am on sick leave, was turned down for benefits and if I get EI benefits they will be only 55%. What are my options now if I cannot pay the $250/months for the initial proposal?
My common law husband was in an accident approximately 2 years ago. Our morgage insurance has ran at and we owe more than what the house is worth. We also have other debt. We have separaeted and all he gets his CPP. We have a son and i pay for everything with regards to him. Is the only option bankruptcy? I have been told that the penalty to pay out the morgage alone is $15000.00 .
We won't get enough selling it to even cover the morgaged amount. Never mind the penalty. He has a brain injury so i do not think he will work again. I not behind at this point but will be.
How long from the last payment on a credit card does the credit card company have to collect?
I have lost my job but still have approx. 5000 in savings. I have not missed any payments but am 57 yrs old with no training and will be broke in two months. Approx. $25000 in Credit Card debt, $5000 in LOC debt and owe approx. 13,000 on a $9000 car. I probably owe back taxes to the gov't of 3 to 4 K. Own a condo with absolutley no equity. Should I consider bankruptcy. Thanks
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