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]
2025-06-19
With the school year beginning and thousands of Canadian students beginning a new semester of post-secondary studies, all those hard-earned dollars from summer gigs are now being applied to tuition, books, transportation, housing, and supplies.
2025-06-18
The cost of daily goods has been rising over the past few years — increasing the price of food, gas, clothing, and many other essential items that Canadians need in their day-to-day lives.
2025-06-16
Bankruptcy Alternatives to Bankruptcy
Let’s review what a Consumer Proposal is, as well as the pros and cons of filing a Proposal, to help you determine if it’s the right solution for your unique situation.
