2025-11-06
Filing for bankruptcy in B.C.? Here’s what’s protected
Filing for bankruptcy doesn’t mean losing everything. Learn which assets are protected in B.C. and how to move forward with a fresh financial start.
2008-11-18
Debts that survive a bankruptcy are outlined in Section 178 of the Bankruptcy & Insolvency Act. Whether or not your court costs are going to fall within this Section is going to depend on what the costs relate to. The costs that I can see being reviewed would be: -court fines. Are these costs applicable to some type of fine from the court? -is it any type of restitution order? -fraud or misappropriation of assets. Is there any reference to this in the judgment? But if they are simply costs resulting from a civil claim that you lost (a lawsuit for money owed), then yes…..they can be included in a bankruptcy. If you would like to contact me with the specifics of your court costs, I can be reached at the contact info below. Donna Carson, CGA, CIRP, Trustee Calgary, Airdrie, Drumheller regions 403.537.7657 or 1.877.500.0792 [email protected]
2025-11-06
Filing for bankruptcy doesn’t mean losing everything. Learn which assets are protected in B.C. and how to move forward with a fresh financial start.
2025-11-05
Debt Solutions
Unexpected tax debt can be a daunting prospect. How can you confirm the CRA is really calling you — and pay back what you owe?
2025-11-03
Consumer Proposal
Thinking about paying off your Consumer Proposal early? It can be smart move, but only if it fits your existing financial picture.