2026-07-15
Bankruptcy versus Consumer Proposal timelines: What to expect from start to finish
Keeping Vehicles When I File For Bankruptcy
2010-03-15
When you file for bankruptcy in Alberta, you are allowed to keep 1 personal vehicle with equity of up to $5,000. s the truck have a lien against it? If so, it would be returned to that lender. Any shortfall when they sell it would be included in your bankruptcy. With respect to the car you want to keep.....if there's no loan against it, you're allowed a $5,000 vehicle. If there is a loan, it's $5,000 equity, but you have to keep making the payments in order to keep it. The credit card debt would be dealt with in your bankruptcy. Donna Carson, CGA, CIRP, Trustee Calgary and Central Alberta regions 1.877.500.0792 [email protected]
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2026-07-13
MNP Consumer Debt Index: Nova Scotians caught in pre-spent paycheque cycle amid sustained cost pressures
MNP Consumer Debt Index
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2026-07-13
MNP Consumer Debt Index: Canadians caught in pre-spent paycheque cycle amid sustained cost pressures
MNP Consumer Debt Index
According to the latest MNP Consumer Debt Index, three in five Canadians (61%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
