2025-04-16
How sustainable living can help you save money and reduce food waste
Alternatives to Bankruptcy Bankruptcy
How can you reduce food waste? These strategies can help benefit both the environment and your bank account.
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
2025-04-16
What is the connection between mental health and debt?
Alternatives to Bankruptcy Bankruptcy
How can you improve your mental and financial health? These four simple steps can help support your mental and financial well-being.
2025-04-14
Three quarters of New Brunswickers have cut spending or postponed major purchases
MNP Consumer Debt Index
Three-quarters (76%) say they have cut back on spending due to economic uncertainty — more than those in any other province.
