Alberta Bankruptcy

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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• I am currently going through a divorce. My ex is responsible for paying the debt on our holiday trailer(-26000.00)our quad(-12000.00) and our home ( -150000.00). The home is for sale, but no takers. My name is still on all of these loans.He has not been working and has not been making the payments for the last 5 months. I was just laid off of my job as well and have no hope of taking over the pyts. Would it be advisable to look into bankruptcy. And if so what are the steps to do so?





• i owe about 33.000 in credit card debt. my income is cpp- oap- guaranteed income supplement and alberta supplement. I am 67 years old no assetts a 1995 van paid for my name is on a home morgage with a relative, and it is a secured morgage we each pay half the morgage payments my share is 300.00.I have a copy from a trustees site that says if you are retired it is impossible for a creditor to garnishee a pension. I would like to do a proposal or should I go bankrupt? my payments are still up to date but very difficult for me thanksfor any advise.





• I was just wondering how much it cost to declair bankruptcy?? Is it the same for everyone or different in certain finacial situations???





• I would like to have my name removed from your website. You posted a question I had sent to you a couple of years ago. It is signed Tin Abeid. Please advise when this is completed by sending a quick message to eddieandtina@yahoo.com





• I currently have 88K worth of credit card debt. I don't have a job. We sold our home last march and have no equity left. I have sold off all of my assets except for some of My RRSP's and my car is a 1997 Chevy Lumina with over 166K km on it. I can't Pay the minimums on my credit cars any more and feel i must declare bankruptcy. Also, my husband is not responsible for any of this debt. How do I proceed?





• Recently learned that a disability pension we recieved was overpaid due to my spouse working-they are demanding we pay the overpayment back - due to our limited income now with only my spouse working can we declare bankruptcy against a government debt such as the above? Also if we had a previous bankruptcy but were only partial discharge do we have to redeclare bankruptcy to clear the previous partial discharge?





• iam a cosigner with my dad on his morgatge abut iam not on the land title proprty if i file bank raputcy it does effect his property thanks





• Back in 2007 my ex and I purchased a home, within a month we separated and agreed to turn the home into a rental due to the high penalty to the bank. My ex then purchased another home with a friend. Recently my ex's friend declared bankruptcy and left my ex holding the mortgage on that property. My ex can not afford that one on his own and is thinking of declaring backruptcy as well. I can still afford the mortgage on the house that we turned into a rental, which has no equity based on current market value vs outstanding mortgage amount. What effect would his bankruptcy have on me and the rental home as long as I keep the payments current? Is there anything I can do to protect myself and the rental home mortgage from his bankruptcy?





• I Plan to do consumer proposal. My debt is line of credit and visa. Recently I made payment for school using visa. My question is should I do proposal now or wait 2, 3 months? I had no choice. I had to pay it in order to continue studies. And i have joint account with my wife which is 1000 dollars in overgraft, but she is willing to pay it of. Should I remove my name from that acount before I file proposal Thanks in advance





• I have lots of question about this i have just recently submitted an aplication for banruptcy. I know you have to pay so much a month but is it alot? I have a car that i pay way too much for and cant afford. can i buy a used car if i go bankrupt? And how long do you have to pay a trustee for. How would i get ahead. confused and worried about making the right decision.





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