Bankruptcy Red Deer Archive

Question and Answer Category - Bankruptcy

If you want to submit a question please visit the Blog Submission Form

I lost my job in Red Deer and could’t find work in Alberta. I moved my wife and family to Texas hoping to avoid bankruptcy. Lots of work for me but she can’t work without a green card. We exhausted our savings and borrowed as much as we could using the equity in our house. We bought at the peak and our realtor says we are upside down by at least $75,000. We can”t sell it for what we owe and are renting it out. We have problems collecting the rent. It is not working out and we are behind on our Red Deer mortgage. We are taking from one card to pay the other and some have increased our interest rates because we have missed payments, making it worse for us. Can we go Bankrupt from here or do we need to come back to Canada to go Bankrupt?