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Bankruptcy Calgary Information Site

 

Sponsored by Bromwich & Smith Inc., this site is designed as a free source of information on personal bankruptcy in Calgary, consumer proposals, and other debt management solutions available in Calgary, as well as on bankruptcy services offered by local bankruptcy trustees.


Calgary bankruptcy trustees at Bromwich & Smith Inc. are licensed by the federal government of Canada to provide personal bankruptcy and proposal services to Calgary and the area residents.


Our Bankruptcy Calgary Blog, a collection of bankruptcy questions and answers to these questions provided by experienced bankruptcy experts at Bromwich & Smith Inc., is a valuable source of information for people dealing with financial difficulties. The most recent posts from the blog are listed below.

For more information related to debt management, we suggest that you post your questions to Bankruptcy Canada Blog, e-mail the questions to Calgary bankruptcy trustees, or arrange for an initial consultation with one of our bankruptcy experts - all at no charge.

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Recent Bankruptcy Questions:

Posted on Monday, October 27, 2008

Credit after Bankruptcy in Alberta

Question: When your bankruptcy in Calgary is paid off and over, how does your credit start again?

Answer: Once you have been discharged from bankruptcy, you start to rebuild your credit by saving money. If you have cash to use as a down payment or security deposit, it is a lot easier to qualify for future loans. Another option is to get a secured credit card, where you put $1,000 on deposit with the credit card company, and they give you a card with a $1,000 limit, which begins to repair your credit.

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Posted on Thursday, October 25, 2007

working and income under bankrupcy in Calgary

Question: i was made bankrupt in jan 07. i now have a job, can the courts take any money of me, also can i be called back for futher questions by the offical recievers after being made bankrupt?

Answer: The answer depends on a number of factors. First, have you completed all of your duties and have you been discharged from your bankruptcy in Calgary? If you have been discharged, you have no further obligations.

If you have not been discharged, you are required to report your income each month to your bankruptcy trustee. If you have surplus income, you will be required to pay a portion of your surplus income to the trustee for the benefit of your creditors until you are discharged.

We suggest you contact your bankruptcy trustee to determine what further duties you must complete to finish your bankruptcy.

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