2025-08-25
Owe the CRA money? Steps to help you get back on track
Owing the government money can be very intimidating as it's assumed the government has a limitless ability to collect the debt through any means necessary.
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]
Latest Blog Posts
2025-08-14
How to budget for summer vacation
Vacation costs can add up quickly without proper planning. This guide can help you budget so that you can make the most of your trip without overspending.
2025-08-05
How to budget when you’re unemployed
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.
- First steps to take when you become unemployed
- Managing your expenses
- Seeking professional help
