2025-10-21
How we helped a client decide between a consumer proposal and bankruptcy
A client thought bankruptcy was their only way out. See how a consumer proposal helped them keep their home and repay debt with confidence.
Are Government Debts Included
2008-11-25
Section 178 of the Bankruptcy & Insolvency Act outlines which debts will survive a bankruptcy. Whether or not your claim will survive is going to depend on the situation that created the debt. Some examples may be: - if this is a Court fine resulting from a car accident....it will survive a bankruptcy. - if this is a Court Order resulting from wrongful death....it will survive a bankruptcy. - if the Motor Vehicle Accident fund paid out a claim for property damages that you were liable for, the debt will NOT survive a bankruptcy. However, the Alberta government may put a hold on your driver's license for non-payment of the debt. You would need to make payment arrangements with them if you want to retain your Alberta driver's license (even though the debt was written off in your bankruptcy). To get the specifics, send me an email outlining what type of debt you owe. Donna Carson, CGA, CIRP, Trustee Calgary, Airdrie, Drumheller regions 403.537.7657 or 1.877.500.0792 [email protected]
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Alternatives to Bankruptcy Bankruptcy Consumer Proposal Lifestyle Debt MNP Consumer Debt Index
Just when seniors should be relaxing and enjoying the fruits of their labour, many find themselves struggling financially — an unsettling contrast to the ease they’d hoped to live their golden years.
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How buyer’s remorse laws can help you stay out of debt
This is called buyer’s remorse. In some cases, Canadian law provides protections that can help you reverse these costly decisions and avoid sinking further into debt.
