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Bankruptcy Alberta Q&A Forum - House Mortgage
Author: |
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bigmotorbike |
Date: |
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Nov 9, 2007 |
Question: |
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Can one go bankrupt and keep the house? What if the mortgage is in the arrears? If the mortgage is in both the husband and wife name, do both have to go bankrupt to avoid collections? Can you declare just unsecured creditors, and not secured, i.e car loans?
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From: |
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Vanessa, Grant Thornton Alger Inc. |
Date: |
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November 13, 2007 |
Answer: |
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Secured debts are generally not included in a bankruptcy. In Alberta, in a bankruptcy, you are entitled to keep the equity in your principle residence up to a value of $40,000. Pleae contact our office or, if you are not in Alberta, a Trustee in your area of residence to discuss your situation and options.
Vanessa Grant
phone: (403) 296-2977
If you wish to talk to one of the Alberta bankruptcy professionals at Grant Thornton Alger Inc., you can call us TOLL FREE from anywhere in Alberta at 310-8888. After hour appointments at our Alberta bankruptcy offices are available.
Contact our Alberta bankruptcy trustees
for a free initial consultation
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This site provides free information about personal bankruptcy and alternatives in Alberta. Calgary Bankruptcy, Edmonton Bankruptcy, Alberta Bankruptcy, Canada Bankruptcy
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