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.
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.
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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.
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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.
