Alberta Bankruptcy Question & Answer Forum
Questions for Personal Bankruptcy in Alberta (Canada) only.
This Alberta Bankruptcy forum 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 responsible for licencing all bankruptcy trustees in Canada.
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I need to file personal bankruptcy. I wanted to know if I can do the following.
Open a business that where I am an employee and pay myself each month but also own the business in a company name.
From there I file personal bankruptcy.
Would this affect the business? Or just my personal finance.
That makes me personally bankrupt but the business still makes money.
I understand it has to be a ltd company.
Can I do this?
I am a new resident to Calgary, been here 2 months.
After 2 difficult years In a home building business that did not produce alot of return due to the BC economy and HST, I find myself in personal debt around $85,000.
2 questions,
I have a home in Nanaimo BC worth $369,000 with a mortgage of $315,000. it is down in price almost $40,000 from what I paid.
I currently have the home rented covering the mortgage and I am plus $425 each month.
Question # 1 as it is now no longer my primary residence ( I dont want to sell because of the current market conditions ) will I loose this home if I enter into bankruptcy.
question # 2
I am in a job in Calgary making $85,000 per year, been there 2 months
I am a sponsor for my wifes residence in Canada.
My wife is from Russia and here with me, but we are waiting for resident status to be granted, no decision has been made as to whether or not my wife can remain in Canada.
we are legally married.
question is does a bankruptcy cancel or in any way effect my sponsorship application for my wifes residency.
thank you
Graham Maloney
malongt63@gmail.com
what happens if my home equity goes up during bankruptcy, after the initial appraisal, and I sell my home? Would the new profit go to the trustee or could I use it for another home etc.?
I filed bankruptcy in sep'11 while i was separated from my spouse for over 2 years. We have since reconciled but due to work commitments he must remain living in another city. How will this affect my monthly income and how I report it? There is no longer child support which decreases my surplus income, yet he must support his residence elsewhere. Is he included in the household number?
hello, can some one help , spouse filed for bankruptcy, both work together in family business. both have being taking monthly money withdrawals +/- $4000.00.
when completing the monthly statement of income and expenses for the month . page 2 is my problem..question is:
1. are we self employed?
2. are there any examples of how to fill out the form
thanks
I don't understand the surplus income-do montly bills such as rent etc not factor in? Is it simply anything over $1870 that is considered 'surplus income'? Regardless of where you live and the associated higher costs of that location?
can someone transfers money to a friend prior to bankruptcy ?
Now how do I get the info that i need to claim bankruptcy?
I have extreme grand mal epilespy with no assets but my clothes really & also hear voices,have hallucination's,im on dilatin and new drug right now.
I have applyed for aish,disability Cpp canada and are still waiting for something from them
my docters told me call mental mind docters if i become unstable then gave me 211 numbers to phone
i have no money or credit of any kind,So where do i file bankrupty?
my friends & family have helped me pay for my drugs
someone told me that alger & assoiates could help me but im not sure if you can,because i have no money to bring to the table.
Please email @ zpreca@yahoo.com or hotshotone@hotmail.ca
or anyone could help me "please" email me
I have a student loan 9500, 17500 credit card and a co-signed student line of credit of 7000, I have been paying on the student line of credit if i file for bankruptcy would the line of credit be included in the bankruptcy
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