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.
Value Of Car Exceeds 5000
2008-03-18
Everyone in Alberta is allowed up to $5,000 of equity in their vehicle (i.e. the car value less secured debt on the car) If your car is free and clear, you will be given the opportunity to keep the car and contribute the excess of the value over $5,000 into the bankruptcy estate. This excess can be paid monthly over the course of your bankruptcy. If the car is secured to a lender, we will take a look at the total debt due on the vehicle as compared to the value of the vehicle. In most cases, the secured debt is more than the value of the car. If so, there is no excess equity and you will have the option of keeping the vehicle and continuing with the monthly payments. If the value of the car exceeds the secured debt, you still get the $5.000 exemption.
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.
