Exempt Assets in Alberta - How does the Bankruptcy Process Work?

If i file would it affect my common law partner?

If I declare bankruptcy, what can they take of my husbands. My name is not on the home, the only thing we own jointly is a piece of property in another province at a value of $8000.00 I am going bankrupt, but need this question answered before scheduling an appointment. Thank you,

A common question I'm asked is 'Will filing for bankruptcy affect my employment and salary?' I'll explain the impact filing for bankruptcy has on your job and your paycheque.

If the only asset you have is your house and you declare personal bankruptcy are you put on the street.

How is the garage sale value of the furniture figured out? I mean, how is it decided what my couch and tv are worth? Do I just give an estimated figure or does someone come out to my apartment and take a look around at what I have?

Will my citizenship be affected? What about family members? What if I am sponsoring them?

How can a creditor garnish my wages and does bankruptcy stop a garnishment?

I know student loans don’t go away in a bankruptcy unless it has been 10 years since you finished your program, but I’ve heard this is being changed. What will the new time period be and when will that change be in effect?

Is the garnishment amount based on the income that would be paid according to the job contracted for[nursing] or would it be based on the actual income earned per year including overtime,extra shifts worked,all of which fluctuates from year to year and is not dependable income.