Bankruptcy Edmonton - Filing Bankruptcy in Edmonton, AB

Bankruptcy Edmonton

The stress of debt can be extremely overwhelming and we understand this.

Bankruptcy in Edmonton might be the right solution for you, although there are other ways to get out of debt.

Our Edmonton debt experts can help you explore all of your debt relief solutions.

There is hope for you to get out of debt and learn how to stay out of debt.

We start by scheduling a free consultation to discuss your personal debt problems so we can formulate the right plan to get out of debt.

What are the Steps in an Edmonton Filing?

Before you can file for bankruptcy in Edmonton you must meet with a Licensed Insolvency Trustee.

If the Trustee recommends filing Edmonton bankruptcy and you decide this is the right course of action for you, the Trustee will guide you through the entire process.

• The Trustee will help you prepare a Statement of Affairs, which includes your assets, creditors, expenses and income.

  After this has been prepared, you will be asked to fill out the necessary forms,

• After you have filled out these forms the trustee will electronically file the paperwork with the Office of the Superintendent of Bankruptcy,
• Once you have filed the paperwork you will receive protection from your creditors, and will stop making payments on your unsecured debts,
• During the process you will provide your trustee with a report on your income and expenses each month,
• You will also be required to attend two financial counselling sessions with your Trustee,
• A first time bankrupt will receive an automatic discharge from bankruptcy in 9 months.

  Your debts will be eliminated once you receive your discharge.

What is the Impact of Filing Bankruptcy in Edmonton?

Going bankrupt will prevent your creditors from garnishing your wages or contacting you for collection.

Additionally, your unsecured creditors will not be able to sue you for debt collection once you have filed.

If your wages have been garnished, your employer will be notified of your bankruptcy, which will stop a wage garnishment.

Considering Edmonton Bankruptcy?

There are options to help you avoid bankruptcy.

No matter what your financial troubles are, our Edmonton insolvency team can help you find the right solution.

When you work with a member of our team you are benefiting from the experience and skills of a Federally licensed Consumer Proposal Administrator & Licensed Insolvency Trustee (previously called a bankruptcy trustee).

Only a Government Licensed Insolvency Trustee can help you go bankrupt or make a legally binding consumer proposal to your creditors.

A consumer proposal is a negotiated settlement with your creditors to repay a percentage of the original amount of debt that you owe to unsecured creditors.

There are many benefits to a consumer proposal such as:

• You won’t pay interest charges;
• You will repay only a portion of what you owe;
• All unsecured creditors are bound by the terms of the proposal;
• You will make 1 monthly payment;
• You can keep all of your assets;
• Your creditors cannot contact you or demand payment.

Bankruptcy in Edmonton

Bankruptcy should always be the last resort, and by speaking with one of our trustees, you can rest assured that our trustees can provide other ways to get out of debt.

It is not the only option, and the trustee will help you find a better solution if possible.

Our Licensed Insolvency Trustees are debt relief experts that are regulated by the government.

We can provide you with the debt relief help you need in Edmonton and the surrounding area.

Whether you are considering bankruptcy or a consumer proposal, we offer a free & confidential evaluation to discuss your money problems and the solutions that could fit your needs.

We will explain all the benefits of going bankrupt or other debt relief solutions and the drawbacks.

A personal bankruptcy or a consumer proposal eliminates your debt and provides you with a fresh financial start in Edmonton.

Our Edmonton bankruptcy trustees are dedicated to helping couples and individuals who need the assistance of a professional debt relief expert.

If you are having difficulty with managing your finances, are overspending, are using your credit cards for every-day living expenses, and are facing the threat of your pay cheque being garnished or collection calls we can help lead you out of your money problems.

How our Trustees can help:

We are here to help make you feel confident in how to get out of debt in as little as nine months by presenting you with all options that are available to you after listening to your problems with money during a consultation meeting at our office.

The meeting is 100% confidential and carries no risk.

There is never a cost to discuss your options with us.

When you choose us to deal with your money problems we can arrange a viable payment plan that will fit your budget.

Please don’t sign any papers or make any decisions without first speaking with our friendly trustees to learn your options.

During this initial meeting with one of our trustees, you can ask any questions you have and get the answers from a regulated and Licensed bankruptcy trustee.

As the only debt experts regulated by the Government to provide all debt relief options available in Alberta, you can always know we will give you the best advice.

Do not look any further if you need a bankruptcy trustee that can help you get a grip on your finances.

No matter what kind of financial obstacles you need to overcome, with our help and experience, you can get out of debt and get your finances under control.

Some of the options we can help you with include bankruptcy or a consumer proposal.

We can even help you avoid bankruptcy with a debt management plan.

The Canadian laws are here to give you a fresh start and we can help you apply the laws to your financial problems in the most effective way!

Call our team today to learn more about how bankruptcy, or other alternatives we offer, can help you get out of debt and stay out of debt for a strong and secure future!

Our friendly debt professionals are here to guide you through this trying and difficult time.