2025-09-04
Will Bankruptcy Erase All Of My Debt?
Bankruptcy
The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.
Can I Keep My House if I File for Bankruptcy
2010-10-18
In Alberta, you are allowed to keep $40,000 equity in your principal residence if you file for bankruptcy. Equity being calculated as the fair market value of the house less the mortgage owing, property taxes, or any other secured debts against it. If you are current with your mortgage payments, the lender can not foreclose on the home simply because of the bankruptcy.
Latest Blog Posts
2025-08-01
Transferring Assets Before Bankruptcy: Why You Should Consult a Trustee
Bankruptcy
If you’re struggling with your finances and heading toward bankruptcy, you may think it makes sense to sell or transfer some of your assets.
2025-06-30
Who Can File For Bankruptcy
Bankruptcy
There are several common scenarios which may cause you to wonder whether personal bankruptcy is an appropriate option to get out of debt.
