We are overwhelmed with debt with no way to make all the payments. We have already been threatened with seizure of equipment such as tractor trailer. stepdeck trailer, lowbed trailer and a dodge pick up. We are also being sue for $248,000 for a tractor trailer that was repossessed. Is there a way we can file for bankruptcy protection? Thank You
Bankruptcy Alberta: Free Information about Bankruptcy in Alberta
You can definitely file for protection under the Bankruptcy and Insolvency Act. The best thing to do given the severity of the situation is to simply contact a local trustee immediately.