http://www.bankruptcy-edmonton.com/bankruptcy/2009/06/equity-in-house-and-a-bankruptcy.html Bankruptcy Edmonton Tue, 07 Feb 2012 15:47:45 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.bankruptcy-edmonton.com/bankruptcy/2009/06/equity-in-house-and-a-bankruptcy.html/comment-page-1#comment-379 Bart Goth, Trustee in Bankruptcy Fri, 12 Jun 2009 17:14:29 +0000 http://www.bankruptcy-edmonton.com/bankruptcy/2009/06/equity-in-house-and-a-bankruptcy.html#comment-379 In Alberta you are permitted to have up to $40,000 equity in your principle residence. If you only have $17,000 this is considered to be an <a HREF="http://www.bankruptcy-alberta.com/what-do-I-lose.htm" rel="nofollow">exempt asset</A> and would not be lost if you file for <a HREF="http://www.bankruptcy-canada.ca/whatIsBankruptcy.htm" rel="nofollow">bankruptcy</A>. In Alberta you are permitted to have up to $40,000 equity in your principle residence. If you only have $17,000 this is considered to be an exempt asset and would not be lost if you file for bankruptcy.

]]>