2026-06-23
Budgeting for post grads A trustees guide to financial confidence after graduation
A Licensed Insolvency Trustee shares simple budgeting tips to help graduates manage money, reduce debt and build confidence.
Transfer Of Assets Prior To Bankruptcy
2011-06-22
When you file for bankruptcy , you will be swearing a Statement of Affairs. This form includes sworn information about the transfer of any assets in the last year/5 years. This is the same in Alberta as well as every other province. If you transferred your 1/2 interest in the camper for no consideration, it is something that the Trustee will have to review. It is possible that you will have to pay 1/2 of the fair market value of the camper into your bankruptcy estate. It will depend on when the transfer happened and whether or not your spouse paid you anything for the transfer. I am assuming that the camper wasn't your principal residence/house. You should review this with the Trustee during your initial meeting. Donna Carson, CGA, CIRP, Trustee Calgary and Central Alberta regions 1.877.500.0792 [email protected]
Latest Blog Posts
2026-06-17
How to improve your savings: Two tips from my father
Money wasn’t something my dad talked about very much when I was growing up. However, he did have a couple of expressions he would share repeatedly over the years.
2026-06-11
Life after debt: What’s next and how to avoid repeating debt
What happens after a Consumer Proposal or a Bankruptcy? These steps can help you rebuild your credit rating and manage your credit effectively.
