Learn which accounts lenders may close, how zero-balance and joint debts are treated, payment alternatives, and ways to rebuild after a consumer proposal.
Can You Keep Your Car During Bankruptcy in Alberta? Learn how vehicle equity, the $5,000 exemption, financing and lease terms affect your options during bankruptcy in Alberta, and when to speak with a trustee.Losing access to your car can feel overwhelming...
Learn why a consumer proposal has no fixed minimum, how the $250,000 limit works, which debts count, and when to speak with a Licensed Insolvency Trustee.
See how a consumer proposal treats credit cards, CRA balances, student loans, secured loans, joint accounts and business debts, plus what may remain payable.
See how a consumer proposal affects your debt, payments, assets and credit. Review eligibility, drawbacks and next steps with a Licensed Insolvency Trustee.
Learn when a consumer proposal leaves your Canadian credit report, what affects recovery time, and which payment habits can help you build a stronger file.
See how bankruptcy affects your payments, credit and assets in Alberta. Compare loan options, eligibility, drawbacks and when to speak with a licensed trustee.
Compare how a consumer proposal handles payments, interest, creditor protection and credit impact, and learn when a repayment plan may suit your finances.
How many times can you do a consumer proposal? Find out if you can file more than once, what the law allows in Alberta, and your available debt relief options.
Trying to figure out how long does bankruptcy last? Here we talk timelines, when debts are released, and how long it remains on your credit report.
ADVANCEDThis page is provided as a resource for people considering personal bankruptcy or who have already declared bankruptcy and are seeking further information regarding what happens during and after filing for bankruptcy…
ADVANCEDFind out what assets are exempt from bankruptcy proceedings federally, and provincially in Alberta. Learn about the legislation that determines the exemptions and limitations placed on certain assets…
ADVANCEDA consumer proposal is a legal solution designed to settle your debt by repaying a fraction of what is owed to your creditors, interest-free, without losing any of your assets. A consumer proposal includes a repayment plan that can significantly reduce your debts up to 70%…
ADVANCEDAn in-depth comparison of Canada’s two formal debt settlement solutions offered under the Bankruptcy and Insolvency Act. Find out how they are similar and how they are different.
