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.
Timeshares Assets I Get To Keep
2008-11-25
When an individual files for bankruptcy or makes a proposal, they make a list of all of their assets (and sworn under oath). Certain assets are considered exempt and certain ones are non-exempt. Exempt means that they are protected from seizure or are an asset you get to keep. Timeshares are non-exempt. So if you file for bankruptcy, the timeshare will be an asset that the Trustee will have to realize on. When the Trustee has an asset that they have to realize on, they will review the option of selling it or having you buy it back from your bankruptcy Estate. This is subject to any of your creditors who may have taken the timeshare as security or collateral for their loan. There may be 2 assets that the Trusee will be reviewing....both the value of the timeshare itself, and the value of any banked weeks you may have in the pool. Donna Carson, CGA, CIRP, Trustee Calgary, Airdrie, Drumheller regions 403.537.7657 or 1.877.500.0792 [email protected]
Latest Blog Posts
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
2025-08-04
How to Deal with Unexpected Medical Expenses
Since it’s impossible to predict or prevent most medical conditions or emergencies, the best way to handle them is by planning and preparing for them.
