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]
2025-11-07
Bankruptcy Consumer Proposal
If you're facing a mountain of debt, you're not alone. There are two viable options available to help you find relief: Consumer Proposal and Bankruptcy. Each approach offers unique benefits that can be tailored to fit your specific financial situation.
2025-11-06
Filing for bankruptcy doesn’t mean losing everything. Learn which assets are protected in B.C. and how to move forward with a fresh financial start.
2025-11-05
Debt Solutions
Unexpected tax debt can be a daunting prospect. How can you confirm the CRA is really calling you — and pay back what you owe?
