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Bankruptcy SK

Bankruptcy SK – Licensed Insolvency Trustees

When you find a trustee you can get a CONFIDENTIAL CALLBACK by clicking on the Evaluation Button

Congratulations!  You’re one step away from a debt free life.   Your consultation is FREE and confidential.


Directive 6R3 issued by the Office of the Superintendent of Bankruptcy allows, in certain circumstances, in certain geographic areas, that the meeting with the Trustee can be by telephone or an alternative method. Please refer to the areas below and if this applies to your area please fill out this Bankruptcy Form (Please note that this form can be filled out on your computer and emailed)  Please send the filled out form to the trustee to begin the process and so he has all the necessary information so the process is accurate and goes as quickly as possible.

Assiniboia

Residents of the Assiniboia area please call 1-855-969-5420

BDO LogoBDO Financial Restructuring Services
Toll Free: 1-855-969-5420
Mezzanine Level – 2103 11th Ave., Regina, SK, S4P 3Z8
Email Evaluation More Info/Map


Beauval

Residents of the Beauval area please call 1-855-969-5420

BDO LogoBDO Financial Restructuring Services
Toll Free: 1-855-969-5420
#5 – 77 15th Street E., Prince Albert, SK, S6V 1E9
Email Evaluation More Info/Map


Buffalo Narrows

Residents of the Buffalo Narrows area please call 855-969-5420

BDO LogoBDO Financial Restructuring Services
Toll Free: 1-855-969-5420
#5 – 77 15th Street E., Prince Albert, SK, S6V 1E9
Email Evaluation More Info/Map


Carrot River

Residents of the Carrot River area please call 855-969-5420

BDO LogoBDO Financial Restructuring Services
Toll Free: 1-855-969-5420
#5 – 77 15th Street E., Prince Albert, SK, S6V 1E9
Email Evaluation More Info/Map


Caryle

Residents of the Caryle area please call 1-855-969-5420

BDO LogoBDO Financial Restructuring Services
Toll Free: 1-855-969-5420
Mezzanine Level – 2103 11th Ave., Regina, SK, S4P 3Z8
Email Evaluation More Info/Map


Creighton

Residents of the Creighton area please call 1-855-969-5420

BDO LogoBDO Financial Restructuring Services
Toll Free: 1-855-969-5420
#5 – 77 15th Street E., Prince Albert, SK, S6V 1E9
Email Evaluation More Info/Map


Cumberland House

Residents of the Cumberland House area please call 1-855-969-5420

BDO LogoBDO Financial Restructuring Services
Toll Free: 1-855-969-5420
#5 – 77 15th Street E., Prince Albert, SK, S6V 1E9
Email Evaluation More Info/Map


Davidson

Residents of the Davidson area please call 1-855-969-5420

BDO LogoBDO Financial Restructuring Services
Toll Free: 1-855-969-5420
Suite 400, PCS Tower, 122 1st Ave S., Saskatoon, SK, S7K 7E5
Email Evaluation More Info/Map


Estevan

Residents of the Estevan area please call 1-855-969-5420

BDO LogoBDO Financial Restructuring Services
Toll Free: 1-855-969-5420
Mezzanine Level – 2103 11th Ave., Regina, SK, S4P 3Z8
Email Evaluation More Info/Map


Gravelbourg

Residents of the Gravelbourg area please call 1-855-969-5420

BDO LogoBDO Financial Restructuring Services
Toll Free: 1-855-969-5420
Mezzanine Level – 2103 11th Ave., Regina, SK, S4P 3Z8
Email Evaluation More Info/Map


Gull Lake

Residents of the Gull Lake area please call 1-855-969-5420

BDO LogoBDO Financial Restructuring Services
Toll Free: 1-855-969-5420
Mezzanine Level – 2103 11th Ave., Regina, SK, S4P 3Z8
Email Evaluation More Info/Map


Hudson Bay

Residents of the Hudson Bay area please call 1-855-969-5420

BDO LogoBDO Financial Restructuring Services
Toll Free: 1-855-969-5420
#5 – 77 15th Street E., Prince Albert, SK, S6V 1E9
Email Evaluation More Info/Map


Humboldt

MNP Saskatchewan Bankruptcy Insolvency TrusteeMNP Limited, 306-988-1764
701 9th Street, Humboldt, SK, S0K 2A0
Email Evaluation More Info/Map


Ile-a-la-Crosse

Residents of the Ile-a-la-Crosse area please call 1-855-969-5420

BDO LogoBDO Financial Restructuring Services
Toll Free: 1-855-969-5420
#5 – 77 15th Street E., Prince Albert, SK, S6V 1E9
Email Evaluation More Info/Map


Kindesley

Residents of the Kindesley area please call 1-855-969-5420

BDO LogoBDO Financial Restructuring Services
Toll Free: 1-855-969-5420
Suite 400, PCS Tower, 122 1st Ave S., Saskatoon, SK, S7K 7E5
Email Evaluation More Info/Map


La Ronge

Residents of the La Ronge area please call 1-855-969-5420

BDO LogoBDO Financial Restructuring Services
Toll Free: 1-855-969-5420
#5 – 77 15th Street E., Prince Albert, SK, S6V 1E9
Email Evaluation More Info/Map


Leoville

Residents of the Leoville area please call 1-855-969-5420

BDO LogoBDO Financial Restructuring Services
Toll Free: 1-855-969-5420
#5 – 77 15th Street E., Prince Albert, SK, S6V 1E9
Email Evaluation More Info/Map


Lloydminster

MNP Saskatchewan Bankruptcy Insolvency TrusteeMNP Limited, 306-988-1764
2905 50th Avenue, Lloydminster, SK, S9V 0N7
Email Evaluation More Info/Map


Maple Creek, SK Insolvency Trustees

Residents of the Maple Creek area please call 1-855-969-5420

BDO LogoBDO Financial Restructuring Services
Toll Free: 1-855-969-5420
Mezzanine Level – 2103 11th Ave., Regina, SK, S4P 3Z8
Email Evaluation More Info/Map


Meadow Lake

Residents of the Meadow Lake area please call 1-855-969-5420

BDO LogoBDO Financial Restructuring Services
Toll Free: 1-855-969-5420
#5 – 77 15th Street E., Prince Albert, SK, S6V 1E9
Email Evaluation More Info/Map


Melfort

MNP Saskatchewan Bankruptcy Insolvency TrusteeMNP Limited, 306-988-1764
601 Main Street, Melfort, SK, S0E 1A0
Email Evaluation More Info/Map


Melville

Residents of the Melville area please call 1-855-969-5420

BDO LogoBDO Financial Restructuring Services
Toll Free: 1-855-969-5420
Mezzanine Level – 2103 11th Ave., Regina, SK, S4P 3Z8
Email Evaluation More Info/Map


Moose Jaw

BDO LogoBDO Financial Restructuring Services, 306-500-0462 (Regina Office)
Toll Free:  1-855-220-1705 (Regina Office)

Email Evaluation More Info/Map

MNP Saskatchewan Bankruptcy Insolvency TrusteeMNP Limited, 306-500-5823
100 Fairford Street West, Moose Jaw, SK, S6H 1V3
Email Evaluation More Info/Map


Nipawin

Residents of the Nipawin area please call 1-855-969-5420

BDO LogoBDO Financial Restructuring Services
Toll Free: 1-855-969-5420
#5 – 77 15th Street E., Prince Albert, SK, S6V 1E9
Email Evaluation More Info/Map


Pinehouse Lake

Residents of the Pinehouse Lake area please call 1-855-969-5420

BDO LogoBDO Financial Restructuring Services
Toll Free: 1-855-969-5420
#5 – 77 15th Street E., Prince Albert, SK, S6V 1E9
Email Evaluation More Info/Map


Porcupine Plain

Residents of the Porcupine Plain area please call 1-855-969-5420

BDO LogoBDO Financial Restructuring Services
Toll Free: 1-855-969-5420
#5 – 77 15th Street E., Prince Albert, SK, S6V 1E9
Email Evaluation More Info/Map


Prince Albert

BDO LogoBDO Financial Restructuring Services, 306-500-0546
Toll Free: 1-855-220-1705
#5 – 77 15th Street E., Prince Albert, SK, S6V 1E9
Email Evaluation More Info/Map

MNP Saskatchewan Bankruptcy Insolvency TrusteeMNP Limited, 306-500-5822
25-11th St East, Prince Albert, SK, S6V 1E9
Email Evaluation  More Info/Map


Regina

BDO LogoBDO Financial Restructuring Services, 306-500-0462
Toll Free: 1-855-220-1705

Mezzanine Level – 2103 11th Ave., Regina, SK, S4P 3Z8
Email Evaluation More Info/Map

MNP Saskatchewan Bankruptcy Insolvency TrusteeMNP Limited, 306-500-5839
Suite 900, 2010 – 11th Avenue, Regina, SK, S4P 3Z8
Email Evaluation More Info/Map


Saskatoon

BDO LogoBDO Financial Restructuring Services, 306-500-1117
Toll Free: 1-855-220-1705

2162 Airport Drive, Saskatoon, SK, S7L 6M6
Email Evaluation More Info/Map

MNP Saskatchewan Bankruptcy Insolvency TrusteeMNP Limited, 3306-988-1764
701 – 119 4th Avenue South, Saskatoon, SK, S7K 7E5
Email Evaluation More Info/Map


Shaunovan

Residents of the Shaunovan area please call 1-855-969-5420

BDO LogoBDO Financial Restructuring Services
Toll Free: 1-855-969-5420
Mezzanine Level – 2103 11th Ave., Regina, SK, S4P 3Z8
Email Evaluation More Info/Map


Spiritwood

Residents of the Spiritwood area please call 1-855-969-5420

BDO LogoBDO Financial Restructuring Services
Toll Free: 1-855-969-5420
#5 – 77 15th Street E., Prince Albert, SK, S6V 1E9
Email Evaluation More Info/Map


Swift Current

MNP Saskatchewan Bankruptcy Insolvency TrusteeMNP Limited, 306-988-1641
50 1st Avenue NE, Swift Current, SK, S9H 4W4
Email Evaluation More Info/Map


Tisdale

Residents of the Tisdale area please call 1-855-969-5420

BDO LogoBDO Financial Restructuring Services
Toll Free: 1-855-969-5420
#5 – 77 15th Street E., Prince Albert, SK, S6V 1E9
Email Evaluation More Info/Map


Weyburn

Residents of the Weyburn area please call 1-855-969-5420

BDO LogoBDO Financial Restructuring Services
Toll Free: 1-855-969-5420
Mezzanine Level – 2103 11th Ave., Regina, SK, S4P 3Z8
Email Evaluation More Info/Map


Yorkton

MNP Saskatchewan Bankruptcy Insolvency TrusteeMNP Limited, 306-993-0971
31B 2nd Ave N., Yorkton, SK, S3N 1G1
Email Evaluation  More Info/Map

BDO LogoBDO Financial Restructuring Services, 306-500-0462
Toll Free: 1-855-220-1705

Email Evaluation

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Bankruptcy Saskatchewan

Bankruptcy in Saskatchewan is a special legal process that was designed to help residents in Saskatchewan with debts that they will never be able to repay in full.

Most debtors that file bankruptcy have a large amount of debt, although you don’t need to have a lot of debt to be eligible to file for bankruptcy. A debtor is eligible to file bankruptcy as long as they owe $1,000 or more and you cannot pay on your debts as they become due for payment.

It is not hard to go bankrupt, although you need to use the services of a Licensed Insolvency Trustee (LIT).

In order to start the Saskatchewan bankruptcy process, simply contact one of our trustees to schedule a free consultation evaluation meeting.

The trustee will help you examine all of the alternatives to bankruptcy, or will explain why bankruptcy is the right solution to your money problems. You can always trust the advice of the trustee, as they must follow a very strict code of professional ethics.

If you decide to go bankrupt, the trustee will guide you through the entire process. Another job of the trustee is to establish a trust, which your creditors will receive funds from. Your payments to the trustee and any of your non-exempt assets will be kept in this trust.

What is Bankruptcy in Saskatchewan?

As a Saskatchewan resident struggling with debt, if you are unable to pay your bills as they become due you might find it necessary to file an assignment into bankruptcy.

Bankruptcy is a legal process that is governed by the federal Bankruptcy & Insolvency Act.

The concept of bankruptcy in Saskatchewan is simple: When going bankrupt you assign, or surrender, your assets to a trustee in exchange for an elimination of your unsecured debts.
The bankruptcy law is federally regulated, although bankruptcy is slightly different in each province or territory. For example, the province sets the assets that a bankrupt can keep.

What Can I Keep When Filing Bankruptcy in Saskatchewan?

The trust established by your trustee when you go bankrupt has claim to your assets that are not protected by the Saskatchewan bankruptcy exemptions.

The exemptions to your assets that must be surrendered (ie, what you can keep in bankruptcy) are as follows:

Home equity to $32,000;

Household furnishings up to $4,500 of value in equity;

Tools and equipment necessary to make a living to $4,500;

A motorvehicle necessary for business / trade;

Clothing for debtor and his family;

Medical devices necessary for the family;

RRSPs (the last 12 months’ of contributions are not protected).

What are the Pros and Cons of Filing Bankruptcy in Saskatchewan?

Saskatchewan bankruptcy is not the right debt solution for everyone. Your trustee will help explain all of your options, and will help you examine if bankruptcy is right for you. You can consider the following pros and cons so you have an idea of bankruptcy before you meet with one of our trustees.

The pros to filing bankruptcy include:

Debt collectors will not call you;

You will receive financial counselling and education so you can avoid money problems in the future;

You are able to keep some of your assets (in fact most debtors filing Saskatchewan bankruptcy keep all of their belongings);

Most, if not all, of your unsecured debts will be erased and you will receive a fresh start.

The cons to filing bankruptcy include:

You might lose your assets;

Your credit will be impacted.

For most debtors that file bankruptcy these cons do not apply. If you would lose significant assets your trustee will assist you in finding a more suitable debt relief solution for your circumstances.

And chances are, if you are considering bankruptcy, your credit is already very poor and in fact, bankruptcy gives you a chance to begin rebuilding your credit rating as you will have a fresh financial start.

Bankruptcy Saskatchewan – Licensed Insolvency Trustees

Bankruptcy Saskatchewan – Our SK bankruptcy trustees listed on this page are well trained professionals who are members of the CAIRP which sets a strict code of ethics that their members most abide by. When you are ready to take action on your debts one of these trustees in bankruptcy will provide you with a free consultation meeting. Payment terms are available. The total costs for a first time bankruptcy will be approximately $1,800 paid over a 9 month period.

Bankruptcy SaskatchewanThe Purpose of the SK Bankruptcy Laws is to allow an unfortunate debtor to receive relief from their debts so they can begin on the road to a new financial life.

If you are wondering whether bankruptcy can be the right choice for you, our website has all of the Saskatchewan bankruptcy information available.

Trustees are also able to help people with filing a consumer proposal, an agreement to repay a portion of your debts over a three to five year period to your creditors. Bankruptcy can provide a relief from your debts in 9 months.

You can contact a local bankruptcy trustee to schedule a free, no obligation consultation meeting.

If you still have questions about Saskatchewan bankruptcy you can set up a consultation meeting with one of our trustees, or you can visit our Frequently Asked Questions page.

The vast majority of people who file bankruptcy keep all their assets.

Bankruptcy Saskatchewan – Get Help Today

Before you make any decisions about filing personal bankruptcy in Saskatchewan, we highly recommend speaking with a Licensed Insolvency Trustee in your local area.

As an expert on the Saskatchewan bankruptcy law, a trustee is also the only debt relief expert who can provide a full range of debt solutions.

The trustee can therefore help you explore all of your debt relief alternatives.

If you think that filing bankruptcy is the only solution for you, you could be surprised at all of the ways a trustee can help you get out of debt.

The trustee will meet with you for a free consultation to review your situation and all of the options available to fit your unique money problems. The trustee will help you work out a plan that works best for you and your family.