Personal Bankruptcy in Alberta

If you are having problems paying your monthly bills, and cannot seem to get back on track financially, it may be necessary for you to consider personal bankruptcy. In Alberta there are a number of different bankruptcy alternatives that should be considered first though. Bankruptcy should be your last resort.

Filing bankruptcy in Alberta basically means giving everything you own to a bankruptcy trustee, in exchange for the elimination of your unsecured debts. Bankruptcy is different in all areas of Canada, so we strongly recommend consulting a bankruptcy trustee in Alberta before proceeding. Your bankruptcy trustee can help explain the process, and can help you decide whether bankruptcy is the right option for you.

Bankruptcy is a difficult decision. It would help you get rid off most, if not all of your debts, but it would also have an effect on your credit report and, consequently, on your ability to obtain credit in the future.

The cost for going bankrupt in Alberta will depend on your monthly income, the size of your family, and your assets (RRSP for example).

Please contact our licensed trustee and arrange for a free consultation. We will review your personal situation, and explain the costs in detail before you determine whether filing bankruptcy in Alberta would be your best solution. Please note that low cost bankruptcy filing is also available.