See how bankruptcy affects your payments, credit and assets in Alberta. Compare loan options, eligibility, drawbacks and when to speak with a licensed trustee.
Learning Centre
Considering your options? Get professional advice with a free and confidential phone call!
Consumer Proposal vs Debt Management: Key Differences
Compare how a consumer proposal handles payments, interest, creditor protection and credit impact, and learn when a repayment plan may suit your finances.
How Many Times Can You File a Consumer Proposal in Alberta?
How many times can you do a consumer proposal? Find out if you can file more than once, what the law allows in Alberta, and your available debt relief options.
How Long Does Bankruptcy Last in Alberta? What to Know
Trying to figure out how long does bankruptcy last? Here we talk timelines, when debts are released, and how long it remains on your credit report.
Does Bankruptcy Clear CRA Debt in Alberta? Key Facts
Are you wondering, does bankruptcy clear CRA debt? Understand when liens or high-debt rules apply, how collections can stop, and when to speak with a trustee.
In Alberta, Can I File for Bankruptcy and Keep My House?
Understanding how bankruptcy treats your home equity, mortgage and provincial exemptions; plus when a consumer proposal may help you retain your property.
Can a Consumer Proposal Affect Employment? Let’s See.
It’s a stressful time and you are wondering, can a consumer proposal affect employment? Learn if employers find out, how wage garnishment works and next steps.
Is a Consumer Proposal Worth It? Here Are The Pros & Cons
Your situation is unique. Let’s discuss if a consumer proposal is worth it. We explain how it works, what you might repay, credit effects, and payment duties.
How Much Does a Consumer Proposal Cost: Fees & Trade-Offs
You’re wondering how much does a consumer proposal cost? We outline payments, trustee fees, time limits, credit score hits, and questions to ask your trustee.
Does a Consumer Proposal Affect my Credit Score in Alberta?
Here we answer, does a consumer proposal affect my credit, how long it stays, what an R7 rating means, and practical steps for rebuilding credit after this.
What Happens During Banruptcy?
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This page is provided as a resource for people considering personal bankruptcy or who have already declared bankruptcy and are seeking further information regarding what happens during and after filing for bankruptcy…
Making Sense of Alberta’s Bankruptcy Exemptions
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Find out what assets are exempt from bankruptcy proceedings federally, and provincially in Alberta. Learn about the legislation that determines the exemptions and limitations placed on certain assets…
How Do Consumer Proposals Work?
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A consumer proposal is a legal solution designed to settle your debt by repaying a fraction of what is owed to your creditors, interest-free, without losing any of your assets. A consumer proposal includes a repayment plan that can significantly reduce your debts up to 70%…
Consumer Proposal vs Bankruptcy?
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An in-depth comparison of Canada’s two formal debt settlement solutions offered under the Bankruptcy and Insolvency Act. Find out how they are similar and how they are different.