Loan Default Consequences Alberta

Summary

In Alberta, creditors can seize property, garnish wages, and freeze bank accounts after a loan default, but they need a court order. Consult a local lawyer for advice.

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I have this loan with MoneyMart and it's pass due never went to collections but strat to a lawyer now he is telling me he can free my bank accounts put a lean on my house and contact my employer
Hello ****, could you please let me know your location? Different jurisdictions have different rules regarding creditors' rights.
I cant see ur full message
Sorry for any inconvenience, ****. Could you please share your location, so I can provide accurate legal information about your situation?
I am in alberta
In Alberta, a creditor has several options after a loan default:
- Seize your property
- Garnish your wages
- Freeze your bank accounts
However, they need a court order for these actions. Consult a local lawyer for advice.
Alberta Law Line: *-*-*-*
So i can go home less on a $* loan
In Alberta, if a court order is obtained, creditors can indeed seize assets or garnish wages. However, there are exemptions to what can be seized. It's advisable to consult with a lawyer.