Questions for Personal Bankruptcy in Alberta (Canada) only.
This service is not intended for individuals 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 resopnsible for licencing all bankruptcy trustees in Canada.
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Recently posted questions and answers:
Dear Sir I am currently living on social services which amounts to about $875.00 a month. I have a debt load of about $75,000.00 and no way to repay so bankruptcy looks to be my only option. So that being said what options do I have as I am looking at living on the street in the near future and have few options as to what I am able to do. Any advise would be appreciated.
Recently ended a lengthy legal battle, and lost. Child related. Have approximately $75k in outstanding legal fees (paid $300k). Still have CRA debt from the relationship $80k, CC about $25k demand letter of $130k Could I do a proposal? I know the demand note and lawyer could be settled for 5% how would that effect CRA?
I am currently unemployed and have accumulated credit card and lines of credit debt of aprox $180K. I am currently 57 years old and am drowning in the ability to pay this down. My common law spouse has sole name on the title of our residence and also is sole name on the mortgage. If I have to file for bankruptcy, is she safe from creditors? Her name is not on ANY of my debt. Thank You
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