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What You Should Know About Bankruptcy in Alberta 

Alberta bankruptcy laws change over time, and every bankruptcy in Alberta is different. The specialists at Hudson and Company can help you figure out whether filing for bankruptcy is your best option, and how to go about the process with the least amount of trouble.

As you consider whether to file for bankruptcy in Alberta, here are some things to keep in mind:

Filing for Bankruptcy in Alberta Does Not Mean You Are Irresponsible. We meet men and women every day who have been responsible but unlucky. Filing for bankruptcy in Canada is often a sign that you are ready to move forward with your life, not that you have made terrible mistakes in the past.

Filing for Bankruptcy in Alberta Does Not Mean You Have to Lose Your Home or Job. Under Canadian bankruptcy law, a number of your personal assets – including your home – are often protected from creditors.

Alberta Bankruptcy Proceedings Take Time. This can range from nine months to two years, depending on your particular financial situation and personal history.

When Entering Bankruptcy in Alberta a Review of Your Finances and Debts Will be Necessary. The first step towards determining whether you are eligible for bankruptcy protection in Canada is reviewing your assets, income, and outstanding debts. At Hudson, we will help you to find the best option for your financial future.

When Thinking about Bankruptcy in Alberta? There May be Alternatives: Not every person who consults with Hudson ends up having to file for bankruptcy in Canada. Often, we can find creative, low-cost solutions that work for both you and your creditors to provide bankruptcy protection and avoid further damage to your credit rating.

Want to know more? At Hudson and Company, we have a premier team of Alberta insolvency advisers and trustees who can help you find the best way forward. Call us today at 403-265-HELP (4357) to schedule a consultation with one of our debt specialists. We will help you determine whether filing for bankruptcy in Calgary is the right move for you.