Archive for January, 2007

Are you allowed to keep any money in the bank when filing bankruptcy? I have $5000.00 in the bank I owe, $74000.00, I make $2100.00 after taxes per month. The $6000.00 is strictly for emergencies or illness etc. Would I loose that money?

I have no idea what to do and I need help. I had $35,000 student loan, I neglected to send in my interest relief form and student loans wouldn’t give me any slack, they kept hassling me and wouldn’t give me any space so I paid the whole loan out with my line of credit […]

If one is heading towards bankruptcy, is it is a good idea to at least make the minimum payment for the mc or visa for the institution where one does one’s banking?
If you have a mc or visa at the same bank your savings account is at, can they take the minimum payment for the […]

If I file a consumer proposal over a bankruptcy will I still have a bad credit rating?

I have a creditor who recently got a judgement against me that included costs. Would this outlive a bankruptcy in Alberta?

If a limited company filed for bankruptcy in Alberta, are the directors personal assets affected by this?

I am sure that you hear this all the time, but my wife has been getting further and further into the hole with various credit cars and lines of credit. This has been happening continually over the last 7 years, to the point where I have had to step in on a number of occasions […]