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What You Should Know About Bankruptcy in Calgary

Canadian bankruptcy laws change over time, and every Canadian bankruptcy 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 Calgary, here are some things to keep in mind:

Filing for bankruptcy in Canada 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 Calgary 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.

Canadian bankruptcy proceedings take time. This can range from nine months to two years, depending on your particular financial situation and personal history.

A review of your finances and debt 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.

You may have alternatives to bankruptcy. 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 avoid bankruptcy protection and further damage to your credit rating.

Want to know more? At Hudson and Company, we have a premier team of Canadian bankruptcy advisors 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.