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.
2009-06-26
When someone declares personal bankruptcy, they swear a Statement under Oath as to all the Property that they own. But only the property that they, themselves, own. So if this property was left to your daughter and you have the backup paperwork to prove that, then you wouldn't be listing this property in your bankruptcy paperwork. It's your daughters and not yours. So the answer to your question would be...no, they can't take away your daughter's property. Because your daughter is a minor, are there any provisions whereby you are holding it in trust for her until she reaches the age of 18,21,25? If so, ensure that you have the proper paper trail to show that even though you currently have the property, it is only being held in trust for your daughter. There are certain provisions that have to be met to prove that it is trust property, and not yours. If you want to discuss the specifics of this property, feel free to give me or any one of our Trustees a call. Donna Carson, CGA, CIRP, Trustee Calgary, Red Deer and regions 1.877.500.0792 [email protected]
2025-09-04
Bankruptcy
The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.
2025-09-02
Lifestyle Debt Debt Solutions
You already know the many benefits of skilled money management. The fact you’re reading this blog post says at least that much. Your challenge, like for most households, is how to navigate the seemingly infinite demands on your frustratingly finite income.
2025-09-02
Lifestyle Debt
Have fun on a budget with our guide to affordable activities in Atlantic Canada.