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]
2025-08-05
Bankruptcy Consumer Proposal
Losing your job can be frustrating and, even more so, managing your financial wellbeing while you’re unemployed. However, you can successfully navigate the situation with the right budgeting tips.
2025-08-04
Since it’s impossible to predict or prevent most medical conditions or emergencies, the best way to handle them is by planning and preparing for them.
2025-08-01
If you are considering filing for Bankruptcy, it is important to understand the impact on your employment and salary.
