2010-03-15
That's a really good question.....and something we see a lot of. I usually tell people who contact us, or their lawyers, that they should meet with their lawyer and with the bankruptcy Trustee at the same time. Not meaning in the same meeting......but if you meet with the lawyer on 1 day, you should be talking to the Trustee on the next. It can make a big difference to a few things if you file for bankruptcy first or 2nd, if you leave the matrimonial home before or after bankruptcy, if you sign off on some assets. For example....your spousal support payment could be different if you've already filed for bankruptcy. Your matrimonial agreement could be challenged if you agree to take on certain debt, and then end up filing for bankruptcy over that debt. You need to be careful about transferred away assets if you are insolvent. If you own a matrimonial home together, filing for bankruptcy can affect what each of you will get to keep out of the property. I would recommend that you contact one of our counsellors to discuss the specifics of your situation. At the same time, getting legal advice if you need it regarding the divorce. There may be assets you can protect......or could lose....depending on what you file first. Our offices and Trustees/counsellors can be found on our website athttp://www.mnpdebt.ca/contact/alberta/default.aspx Donna Carson, CGA, CIRP, Trustee Calgary and Central Alberta regions 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.
