Personal Bankruptcy in Calgary and Available Bankruptcy Services

If you are having trouble making monthly payments, it may be time to consider filing for bankruptcy. Having said this, Calgary residents should be aware of a number of alternatives to bankruptcy in Calgary available to them - as bankruptcy is considered the last resort.

Getting Started: Things You Should Know about Calgary Bankruptcy

Below is a list of some things you will want to know about bankruptcy in Calgary before starting the process:

• When filing bankruptcy in Calgary, you will be required to surrender all of your assets over to a Calgary bankruptcy trustee in exchange for the elimination of your unsecured debts.
  
  
• Trustee fees are administered by the government, but the basic cost of filing will depend on your monthly income, the size of your family, and your assets.
  
  
• You will be permitted to keep some property from being liquidated. We provide a brief list of bankruptcy exemptions in Calgary; for a more detailed listing please contact a bankruptcy trustee near you.
  
  
• Once bankruptcy in Calgary has been filed, your creditors will be "stayed" - which means not able to pursue further legal action.
  
  
• Calgary bankruptcy will eliminate most, if not all of your debts, but it will be substantially more difficult for you to obtain credit in the future.
  
  
• Finally, we strongly suggest contacting a bankruptcy trustee in your area before going ahead with the process. He/she can review your financial situation, and help you determine the solution that will best fit your needs.

Please contact us today for an initial consultation free of charge. By calling our Calgary bankruptcy office, you will get to speak directly to one of our two licensed bankruptcy trustees. We will try our best to understand your personal situation, answer all your questions in regards to bankruptcy in Calgary, and come up with the best solution possible.