Misconceptions about Joint Debts

What is Joint Debt? Joint debts are liabilities where the obligation for paying the debt falls on more than one party. A person can become joint on a debt when they share ownership of an asset – for example joint on a mortgage that is co-owned – when lenders can...
Bankruptcy in Alberta: Do You Lose Your House?

Bankruptcy in Alberta: Do You Lose Your House?

Contrary to what most people believe, you will not lose everything if you file for bankruptcy. However, it’s important to understand exemptions to the bankruptcy law as they vary between provinces and territories. In particular, you are probably concerned about...