FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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Want to Buy property

Hi there, My common-law husband and I filed Bankruptcy almost 9 months ago. A few months ago I received a buy out package from my previous employer. I gave half of that as requested to my trustee. I am set to be discharged On July 31, my husband Aug. 31. I have the chance to buy a piece of property for a really good price. Can I do this?? As I am sure you know renting in Alberta is a big Problem right now, so in buying this property and a trailer would greatly help us out. We would be doing this all with cash. Can they stop my discharge or take away the assets if we do this?? Thank you

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One Response to “Want to Buy property”

A licensed trustee said...

There’s no legal reason not to go ahead with the deal, but it may be very difficult to secure financing for the purchase (if you need a mortgage or loan in addition to whatever buy-out money you have left). Call your trustee and let them know what you’re trying to do – they may be able to help.