Personal Bankruptcy

In Calgary & Southern Alberta

Thinking about bankruptcy? Get professional advice with a free and confidential phone call!

What Is Personal Bankruptcy?

Personal Bankruptcy is a legal process, regulated by the government of Canada, that releases you from your debts, stops collection calls, ends wage garnishment and legally protects you from your creditors. It is a way for unfortunate Canadians to get out of debt and have a fresh start.

If you are considering filing for personal bankruptcy, it is important to understand the process and the options that are available. Yes, you have options. Licensed Insolvency Trustees are the only professionals in Canada who can prepare and administer personal bankruptcy filings. At Hudson & Company, our first priority is making sure that you are well informed and understand all of the options that are available to you.

Where Should I Start?

The best way to understand how personal bankruptcy may impact you is a free consultation with one of our Trustees. We will look at your debt situation, with consideration for your unique circumstances and what you are hoping to achieve. We will review all of the available options with you and answer any questions you may have.

Learn More

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5 Stages of Bankruptcy

What are the different stages of the bankruptcy process?

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Bankruptcy in Alberta

What do I need to know about declaring bankruptcy in Alberta?

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Bankruptcy Exemptions

Will I lose my house? Which assets are considered exempt?

Getting Discharged

When will I be discharged from bankruptcy?

To determine whether you qualify for personal bankruptcy, begin by asking yourself the following questions:

Do you utilize credit cards to make payments on a regular basis?
Are you able to only cover interest charges in your monthly payments instead of steadily lowering the overall obligation?
Have you had your utilities shut off due to an inability to pay?
Are your wages being garnished to help repay your debts?
Do you obtain frequent cash advances to make ends meet until your next payday?
Do calls from your creditors lead to your avoidance of answering the phone?

“They listened to our concerns and provided a solution that no one else had thought of.”

Talk To A Professional

Get professional advice from a Licensed Insolvency Trustee. No cost. No obligation.

When Is Personal Bankruptcy a Good Idea?

Insolvency affects thousands of honest but unfortunate Canadians every year. Being insolvent means that you are simply unable to pay off all your debts. If you find yourself in this position it is important to know that you have options. A great first step is meeting with a Licensed Insolvency Trustee for a free consultation meeting. They will review your situation and show you what options are available. The Office of the Superintendent of Bankruptcy Canada is the regulatory body that licenses and regulates Licensed Insolvency Trustees. These are highly trained debt counsellors and the only professionals in Canada that can administer bankruptcy or consumer proposals.

Why Meet With A Licensed Insolvency Trustee?

While we do our best to provide information and answer general questions on our website, insolvency is a complex matter. A Licensed Insolvency Trustee can review your personal situation and show you which options are available. They can explain how the laws and regulations apply in your circumstances and they can address your specific concerns in detail. An initial consultation meeting is free and confidential. There are no risks associated with meeting a Licensed Insolvency Trustee and there is no obligation to move forward or return.

Client Reviews

We provide personal bankruptcy services in Calgary and throughout Southern Alberta. See what our clients have to say about their experience with our Licensed Insolvency Trustees.

Hudson & Company Insolvency Trustees

4.8

Based on 99 reviews

Kaylyn R.

17:18 21 Mar 23

Seriously one of the best experiences. Greg and the team he works with were undeniably kind and non judgemental throughout this entire process.I felt very comfortable and there is nothing but transparency from the beginning to the end.There’s a lot of guilt and shame that come from all the debt we can accumulate but this was a great experience and it is worth reaching out to Greg to discuss your situation.

Sally P

06:07 21 Mar 23

Greg was awesome. He was knowledgeable, and was able to answer all the questions I had about the process, bills that I had, etc. He ensured that the process went smoothly. Bankruptcy is not the end of the world if you have no any other choices.

Kumar N.

19:29 15 Mar 23

I was going through a very bad time for 4-5 years . because of my debt family and personal life was affecting. Phone calls and mail from collectors everyday. I tried one agency in Marlborough and one in Blackfoot trail by the deerfoot but only solution was provided to sell home or bankruptcy. I don’t know who referred me but when I went Hudson and company really felt relaxed . It took some time to sort out but I am super relaxed now. It’s almost one year paying monthly payment which is too low according to the debt I had. I got two credit cards approved. All the staff so helpful especially Breanna because I still call or email her for any questions or concerns. She is response back quickly and will sort my problem right away. I had to postpone my payment which was due next day and she took a quick action to confirm it. Really appreciate. Thank you Breanna and all the staff.

Amber O.

17:44 10 Mar 23

I was struggling with credit card debt, so I googled bankruptcy. And the first thing that came up was Hudson & company. But not to help file for bankruptcy immediately. Instead I received a free consultation from an associate Greg Stanford. I told him my story and the financial stress I was in, and he proceeded to give me options beyond the basic filing for bankruptcy path. His ability to explain each path I could take was done so easily and with perfect analogies to help me see the big picture and proper end game for my situation.I highly recommend using the free consultation and the guidance to know which path is right for you and your financial struggles.

Joel B.

20:19 07 Mar 23

This was my first experience getting help with my debt. I didn’t know what I was doing and didn’t know how to fix it. Greg Stanford was the one to help me and made everything so incredibly easy. My only regret is never getting the help I needed. I was stuck in an endless cycle of paying interest fees and my debt and I were at a complete stale mate.After calling Greg for the first time he had my trust. He managed to get my debt down to an incredibly low monthly fee and I am very happy with the result.The end of the road is finally in sight, and I look forward to being debt free.Thank you so much.J Bailey

Leah B

19:37 02 Mar 23

When I reached out to Greg at Hudson & Company, I was at the lowest point in my life. I had contacted other trustees prior, but it was like talking to used car salesmen who wanted everything from me and offered little in return.If you are reading this review and need help, please make Hudson & Company your first stop. I was dealt with compassionately and Greg was so very knowledgeable and professional. He had an honest desire to help me. Going insolvent is never an easy decision. But when it turns out to be your only option, having someone who is supportive and is focused solely on your best interests makes all the difference. I am thankful every single day.

Alireza A.

21:09 04 Nov 22

Thanks to Hudson and Company,Special thanks to Jeff and Brenna to help me to get rid of big portion of my debt, I strongly recommend this company if you are struggling with heavy debt,Regards,Ali

Kristy W.

04:59 22 Oct 22

I highly recommend Hudson & Company I dealt with them 20 years ago. I had a great experience with them back then that i called to book an appointment with them again. I couldnt believe they still had my file from 20 years ago I was so impressed. I met with Greg today and he is great I'm very happy he is handling my file. Thank you so much again Greg looking forward to working with you.

Dalton S.

00:21 15 Jun 22

I never thought i would be able to get all my debts in one place. Steven started out by explaining everything, and Breanna went through t a second time making sure i was happy with all the numbers and understood everything. I would recommend to anyone who is scared to take the leap. Best decision i could have made. Thank you so Much!1

eliza A.

23:08 08 Apr 22

Back in April of 2019 I couldn’t handle all the collection calls I was getting, so I reached out to Hudson and Company for guidance on ways I could fix my issues. Jeff took the time to contact me and guide me in the direction of a Consumer Proposal it was life changing. The collection calls slowly stopped and I have been able to rebuild my credit slowly and to a manageable point.Fast forward to April 7, 2022. 14 months early I have successfully finished my consumer proposal. I couldn’t have gotten to this point without the amazing work of Jeff and the entire team at Hudson and company.I thank you so very much for helping me get my life back on track in the credit aspect.

Scott L.

14:38 02 Nov 21

Courteous, Hardworking & Professional. Highly recommend. Stefan's team (especially Breanna) were extremely effective in helping me get back on the right track. Much love to these folks. Do yourself a favour and give them a call.

Jodi P.

18:59 21 Sep 21

I can’t say enough good things about Hudson & Co. So compassionate understanding and very professional & easy to deal with.I called other companies and got a lot of mixed messages. Jeff explained everything in a very understandable way. It was quick fast efficient. We had to first claim bankruptcy on our business because of COVID ( this process with Stephen was quick, easy, and efficient) then we had to claim personal. Never in a million years did we except to be in this situation. However Nicci was amazing and helpful. Everyone I called, emailed, engaged with was efficient, compassionate, understanding, professional and friendly. Out of a terrible situation this company was a blessing in our situation. Thanks again for everything your team did for us.

MissToneXoXo

19:59 04 Aug 21

Very profesional. They made this process very easy. They were always very helpful with any questions I had and were always very nice. They gave me very helpful and informative counseling sessions to help me with my future credit and savings.If you're looking for an easy and efficient way to claim bankruptcy, this company is the one to go through. Thank you so much! Happy to be debt free 🙂

Karen H.

17:16 22 Jun 21

My experience with Hudson & Co in filing a Consumer Proposal has been amazing! Being quite anxious about my situation for several months, the people at Hudson & Co have been kind, compassionate and professional, and have always acted without judgement. I highly recommend this company to anyone who finds that they are in an untenable finanacial situation. Their service is impeccable!

Andrew S.

22:06 11 Jun 21

The staff at Hudson & Company were very helpful during my rough patch. They had all the information to get my bankruptcy underway and help me along in starting new once I was released. The office staff were always helpful and a pleasure to deal with. Thanks Nicci. You were a life saver.

Noelle D.

03:26 10 Jun 21

Thank you so very very much Breanna and team for all your help in getting us to an better place after nothing but bad luck is very refreshing to know there is kind understanding people out there willing to take the time and patience and get us through this awful circumstance we were facing. Hugs Thank Yous All!!!! Kevin from Calgary.

Asif S.

20:31 02 May 21

After a sudden death of my Friend due to COVID-19, his family was suffering from financial crises. In that difficult time Hudson & company helped a lot especially Jeff to solve debt issues.I highly recommend Hudson & Company.

J E

18:24 29 Apr 21

Life changing experience - wish I knew about this sooner. Stephan and his team made the process seamless and easy. From the initial consultation I knew exactly what I was looking at, and what the process would look like if I chose to move forward. No pressure environment, he was upfront about fees and how my options would impact those fees. Can't say enough about my experience, very quickly my life has completely changed. If you're stuck financially at least go for a consultation and see if there are options for you.. feels great to breathe again!

Eric R.

14:41 24 Apr 21

I would like to share my experience with Hudson and company and first would like to thank Breanna Burkhead-Smith and Jeff price. They were very knowledgeable and made my experience that much easier to deal with. No one likes to go through debt or bankruptcy. These individuals do not judge or look down on you. They help you. I can’t wait to see what the future will look like in a few years. Thank you Hudson and Company

heather S.

12:14 10 Apr 21

Steven and Breanna were just amazing. I was at an extremely hard point due to being laid off. Steven explained all my options thoroughly so I could make an educated choice on how I needed/wanted to move forward. Breanna walked me through everything. I was in shock at how quickly my questions were answered, along with the kindness from everyone. I seriously recommend these guys if you are strugglingThank you for being there for me and continuing to be there for me. I am very grateful

Denise S.

16:32 05 Apr 21

During a very difficult time In my life I found dealing with Hudson & Co to be very professional and informative. Everyone was supportive and helped me to clearly understand my responsibilities and requirements and assisted me without hesitation when I reached out. They were responsive to communication in a very timely manner. Although I hope to never have to work with them again I can sincerely recommend this company to help you through the difficult process of going through a bankruptcy. They’re knowledgeable and professional and supportive.

John L.

20:30 02 Apr 21

The Company was professional and the workers were always courteous and very helpful. It was a pleasure to have been helped through a hard time in my life. Thankyou to all. Regards; John

Denise R.

15:49 01 Apr 21

hi I WOULD ABSOLUTELY PICK JEFF PRICE AS HE IS SO VERY AWESOME AND APPRECIATE ALL OF WHAT HE AND HIS STAFF DO FOR ME TOO

brenda M.

03:09 05 Mar 21

Breanna was beyond amazing! I felt so defeated having to go through this route to help get out of debt. She was always supportive and never once judged me. Her patience was beyond spectacular! I did have a hard time understanding certain things but she was glad to go over it till I fully understood. I've been in customer service for 15 years and I can honestly say she is the perfect person for the job.I would give Breanna 10 stars if I couldThank you Breanna and Hudson & Company for letting me see a light at the end of a very long dark tunnel.

Marion S.

01:13 02 Mar 21

We can not say enough good about this company. From start to finish they made us feel at ease. They got the very best deal for us, always made us feel they had our best interest at heart. Thanks so much to Breanna, who while professional is so down to earth. We are ever so grateful to all of you.

Elana M.

22:53 01 Mar 21

The entire team was extremely helpful, compassionate and sensitive to my personal situation. I felt comfortable working with them and getting through this experience with more confidence in my financial future. Thank you all for being professional and understanding during this process!

Jim D.

21:41 12 Feb 21

Breanna was a pleasure to work with. She accommodated my constantly changing schedule, answered all my questions and was pleasant and professional. I would highly recommend Hudson & Co. and particularly Breanna to anyone having to go through this stressful process. Thanx again, Breanna and Hudson & Co.

The R.

10:12 11 Feb 21

100% would recommend Hudson & Company if your in a tough financial position. Steven took the time to walk me through all the options available and was very detailed with his explanations. Can't thank him enough for his time and hard work!

JM D.

22:54 08 Feb 21

This company has been helpful to me specially Steve Cooke, Nicci, Jeff Price, and other staff. They're re very professional, quality of service has been great and very eager to help you out. Hudson & company please continue helping people like me and I know you will. Thanks a lot guys!! Take care and Stay safe.

Bruce W.

23:56 29 Jan 21

Best experience ever. I went in and was treated extremely well. Answered all my questions and concerns then they guided me through the process and taught me how to resolve my issues.. they literally took the weight off my shoulders and retrained me to avoid the pitfalls of credit issues.. awesome team.

Mauricio S.

17:24 21 Jan 21

I had the experience of a lifetime with this company. Started with Stephen and ended up with Breanna. They went far and beyond my expectations, not only they took care of all my complex situation but also made sure to went over again details and assuring that I was gonna make the best decision based on my personal interest. I was specially amazed by Breanna’s flexibility to accommodate to my schedule even on a 7 am Zoom conference on a Monday. Whenever I send them an email their response comes back in a promptly manner. I cannot thank them enough!

Denise R.

19:00 19 Jan 21

GO WITH THESE PEOPLE AS THEY ARE THE BEST TO HELP YOU OUT AS THEY HELPED ME OUT ALOT JEFF PRICE OR ANYONE ELSE TOO

Denise R.

18:58 19 Jan 21

LOVE HUDSON AN COMPANY THEY ARE SO AWESOME AND HELPFUL AN ANSWER?? TOO I WOULD ABSOLUTELY PICK JEFF PRICE OR ANYONE ELSE THERE

Santi W.

02:31 19 Jan 21

I am very appreciative to the Hudson & Company team for educating me in a better habit in learning how to deal with my finances. I am very grateful that the company changed my life for the better, without them I would not be where I am today. Thank you so much for your support and professionalism.

Herman D.

17:35 18 Jan 21

I had a great experience working with this team of professionals and they did everything in an excellent fashion. It’s a hard personal experience to go through but they made it as painless as possible and were polite and patient dealing with me. Thanks so much for your help. 🙂

P.Ba. L.

05:21 14 Jan 21

Every step of the painful process of filing a bankruptcy, is managed by the professionals of Hudson and Company in a compassionate, assertive but comforting way. Jeff, Nicci, and lately Steven, were all great people to work with. I'm happy and looking forward to start a new chapter in my life but the great people of Hudson and Company will not be forgotten. Thank you!

Lee R.

23:55 31 Dec 20

hudson and company i would highly recommend to anybòdy who is goin threw hard times like bankruptcy.. me and my wife are so greatfull for the team of people who worked with ys threw is and made it so easy for us.. i would like to thank nicci johnson and jess best they both was amazing to talk to and help us with any questions we had.. they both was fast to respond to any emails or questions we had.. i would highly recommend hudson and company to anybody who needs help they are truely a great company and very profesional.. so thank you to you all you guys are amazing

Amanda R.

17:42 24 Dec 20

The Hudson Team has been so helpful and kind in assisting me with understanding what would work best for my personal circumstance. Every question or email no matter what or when was replied to with haste. I have never felt so involved in a process, like I was part of the team!

Sandra P.

20:48 17 Dec 20

Hudson and Company were very helpful in achieving my goals. The staff are knowledgeable and professional.

Bobbi Jean L.

04:20 16 Dec 20

My first meeting was with Richard Price, and my second with Jeff Price. I later dealt with Jeff and some of his team - Breanna Burkard-Smith, Nicci Johnson and James Doney. I have no words for how professional, compassionate, and kind all of these individuals were to me during one of the most difficult and financially embarrassing times in my life....I am so grateful to them all for their prompt responses to my many questions and would recommend them to anyone who is struggling with heavy financial burdens and how to move into the next step of re-building their financial lives. Amazing people here...so grateful to have found this company. Don't hesitate to call Hudson & Co. - they are brilliant and I recommend them to everyone I know.

Alisha M.

21:22 10 Dec 20

Very professional, and reassuring. I’m glad I had the opportunity to work with Breanna and Jeff. Both made my decision easy. Thank you

Marta M.

23:40 03 Dec 20

I dealt with Jeff Price and Breanna Burkard-Smith. What great humans these are! Thank you both for your professional, very informative and reassuring ways. I couldn't be happier with your services and the incredible results you got for me!

J L

14:01 10 Nov 20

Jeff and his team were wonderful to deal with. They answered all my questions, worked with my hectic schedule, and they did so seamlessly across the border (I am currently in the US.) Jeff and his staff were successful in my consumer proposal and I am very satisfied with the end result. I would highly recommend them!

Chalsea J.

15:44 08 Nov 20

After struggling with trying to pay off our debts, My fiance and I decided to make the phone call to Hudson and company for information on helping us with our debts. We got talking with Stefan and before we new it our debts were cut in half and now making a small payment monthly straight to our principle interest free. THANK YOU HUDSON AND COMPANY!!

Jose S.

18:10 06 Nov 20

After thinking about it for a long time I finally decided to seek help to solve my economic problems and it was the best decision I made. Thanks to Hudson & Company for their great support and help to find solution to my situation, there is nothing quieter and more satisfying than waking up thinking I am debt free! Thank you very much!

Nadia G.

19:59 06 Oct 20

Exceptional service Jeff Price was very professional and sensitive to my particular circumstances. He was very knowledgeable is all the processes and took the time to walk me threw each step so I felt comfortable and understood proceeded.

Michelle W.

20:25 03 Jul 20

Stefan was awesome and helped my husband and I through the proposal process. We consolidated all our debt into 1 monthly payment. It’s such a relief now to know that we will be debt free in a couple years. I would strongly suggest to go through this company if you are in financial woes.

M H.

18:17 02 Mar 20

I worked with Jeff on a proposal that had nuances and extended over 4.5 years. Jeff and his team were highly responsive and worked with me to ensure that the proposal flowed smoothly. Even though Proposals are not fun, the process worked well and I would recommend Jeff and his team to anyone needing assistance to reorganize their financial affairs.

Doug S.

14:04 12 Feb 20

Jeff was amazing. Having been caught on the financial roller coaster that is Alberta these days my household got to a point were we were using credit to pay bills. Sound Familiar? Called Jeff and was greeted warmly and walked through our options. Not once did Jeff make us feel awkward or shamed in any way and at the end of the day got my family on track to dig ourselves out of our mess. If you are struggling with debt like SOOO many others in Alberta, call them, they can and really do help.Thank you Jeff.

William G P.

19:05 05 Feb 20

Jeff was very professional, listened to my concerns, and provided a solutionthat no one else had thought of. I highly recommend him and his firm.

Terri-Lynn M.

21:45 05 Dec 19

Jeff was absolutely amazing in helping me navigate the process of a consumer proposal. I was updated every step of the way in regards to what was happening. He was so kind and understanding of the situations that led me to this situation. I felt very comfortable when meeting with him. I am so happy that my payments will be literally almost 20% of what I was paying just to make my minimum monthly payments. Thank you so much Jeff!!!!! I can now sleep at night!

Kent M.

14:35 14 Oct 19

Friendly, professional, and very helpful staff. Dealt with Jeff Price mainly who was great to talk over different options for my situation and his support staff was just as friendly and responsive to questions and concerns I had. Highly recommend this company.

Aa J.

02:32 19 Sep 19

If only I could put more stars! I strongly recommend Hudson & Co. I was referred here by a friend and I am so pleased with the exceptional customer service at this agency. Your questions or concerns are always answered in a quick and timely manner. Everyone here treats you with respect and they truly care about their clients. The team is phenomenal and I am extremely satisfied. I was very hesitant at first but this is the best choice I have ever made!Big shout out to Jess for always going above and beyond to help me. You have made everything go smoothly and always cater to my needs.Hands down, an awesome establishment!!!THANK YOU to all the hard working staff here!

Lorne R.

18:53 29 Aug 19

I am a senior went to Hudson and Company. For some assistance with my situation.When I walked in the door was treated as if I was a long time client.Met with Jeff he was very helpful and made me feel very comfortable. Offered his best solution to my problem made me feel a big weight off my shouldersNext meeting was with Shelley and again felt comfortable and relaxed. She is a great person alsoJust want to thank them both for there great assistance. Highly reccomend to anyone who needs help. This is the place to go

Karen A.

17:41 06 Sep 18

Jeff Price was extremely proficient. I am very grateful to Jeff and his team for helping me achieve debt relief. The whole process went seamlessly.

Chelsey C.

14:57 11 Jul 18

I got a referral from a friend to go here and I am not disappointed! It was really quick and easy to book an initial appointment/ consultation.Jeff walked me through my options, explained every detail to me (without make me feel like an idiot- which is awesome!). From there they handle everything and keep you posted during every step.I am REALLY excited to be able to pay off my debt, learn how to manage my money WAY better and I am still able to build my credit back up while I’m paying everything off.Couldn’t be happier!

Mike H.

15:31 25 Jun 18

Through tough times Hudson & Company and especially Robert went above and beyond to get me out of a difficult situation. Helpful, patient and more than understanding and compassionate. I would without any hesitation whatsoever recommend Hudson & Company.Amazing to deal with.

Kristen M.

20:27 29 Apr 18

I really cannot recommend Jeff Price and the team at Hudson & Company enough. Jeff helped me navigate one of the biggest (and most emotional!) decisions of my life. It felt overwhelming, but together with the lovely Shelley Westmorland, Jeff armed me with the knowledge and confidence I needed to make the right decision for me. They treated me with kindness, patience, and warm professionalism at every turn. Thank you Jeff & Shelley, I am so appreciative for all of your help!

Theresa B.

00:12 28 Apr 18

Jennifer and Jeff had me completely at ease when I walked in a nervous wreck I couldn't have had two better people looking after me!

Michael N.

21:29 27 Mar 18

At a time when I felt nothing could pull me out of the depression I was in due to overwhelming debt, Jeff Price at Hudson & Company helped put me on track to dealing with mutiple creditors within my means. It was a difficult road but all worth it in the end. They were always good at communicating with me, answering all of my questions and giving great counseling on budgeting and rebuilding credit during the bankruptcy process. I still have additional payments to make, but having a plan in place and knowing exactly what it will take to get there within my budget, has lifted a huge weight off of me. I feel The colaborative efforts of Jeff and his team at Hudson have truly given me and my family new hope for the future.Thanks Hudson & Company,Michael.

Christopher C.

16:54 13 Mar 18

My wife and I needed help and Robert Price and Jennifer Geworsky gave us great advice and excellent solutions to our problems. Calmed the situation and help navigate us through the process. I would recommend that anyone with financial issues contact Hudson and Company.

Kelly S.

20:28 05 Jan 18

I considered several options but found Jeff Price to have the most positive approach to my situation. His sense of humour also helped! Most importantly , my proposal turned out better than I dared hope and I can look forward to not having to constantly worry about my debts. I highly recommend Jeff and his team.

Sean F.

20:09 02 Oct 17

Dealing with Jeff Price was a great experience. Jeff was very professional and knowledgeable and made an unfortunate situation as easy as possible. I would recommend Jeff and the team at Hudson & Company to anyone in need of such services.

ANGEL R.

17:02 10 May 17

Hudson and Co. provided us professional, respectful and courteous service. They were quick with responses to phone calls or emails. Jeff Price was honest and helpful in guiding us with our concerns. I would highly recommend him to anyone for guidance.

Mojo's W.

23:36 17 Apr 17

Jeff Price is amazing !! Very professional, Jeff has really put my mind at ease with my finances. I highly recommend Hudson & Company thank you Jeff Price!

Shelley

15:42 31 Mar 17

Hudson & Company was the third debt resolution business I went to and quite frankly, I didn't have much hope. Jeff helped me see a resolution. By being informative and taking the time to explain the different aspects of my options, I left the office with a sense of hope that I did not get from the other companies. Although I'm only in the first stage of the process, I have faith that Jeff will get a proposal agreement that will work for me.

derekate

17:44 12 Feb 16

This is really a two-part review. The first part for Hudson and Co’s knowledge and expertise and secondly and just as important, for the personal side of working with Bruce and his team.My wife and I met with Bruce at time when we thought there was no hope for our financial situation and we didn’t know what to do about it. We were very unsure of what to expect going into the meeting with Bruce, but remember coming away from the meeting feeling like a weight had been taken off our shoulders with a plan and hope for the future.Bruce is a genuine person who does not judge or make you feel lesser of a person, in fact it is very much the opposite and very unbiased. During our meetings Bruce made us feel comfortable, treated us with dignity and respect and made us feel good about ourselves again.Bruce’s knowledge and commitment to helping people is second to none. He looked at our situation and told us exactly where we stood and what was needed to sort it out. He went through in detail the different options available to us and help us go through the process step by step.We cannot thank Bruce enough and have a lot of respect for him and his team, not just for his knowledge and being able to help us get back on our feet financially again, but also for making us feel good about ourselves again. To us, the way Bruce made us feel from start to finish was priceless.Thank you Bruce and all of your team.

Hudson & Company Insolvency Trustees I.

22:05 12 Jan 15

"We would like to thank all of you for helping us with our financial situation! Although we are very embarrassed, you have made us feel very comfortable! We've had our first counselling session with Karis and she's great too! Thank you for the wonderful service!Sincerely,Renee M.""Kim, Your kindness is greatly appreciated.-LS"

Hudson & Company Insolvency Trustees I.

22:01 12 Jan 15

"I have been meaning to send you a thank you card for some time now, and now here it is Thanksgiving already. I hope you are all doing well and looking forward to the weekend. I am so very grateful for all your help, as I have no idea how I could have ever coped without your expertise and compassion. My life is now better, thanks to you.Happy Thanksgiving,Chris M.""Kim - Thank you so much for setting me straight. You have helped me out of an impossible situation. It's an example I will continue to follow.Sincerely,JF"

Hudson & Company Insolvency Trustees I.

16:43 09 Jan 15

Hudson & Company offers a free consultation. We found it very informative. The options presented by Mr. Bruce Hudson were clear and helpful toward our course of action. We were able to avoid bankruptcy, and were comfortable in the payment schedule presented and agreed upon by our creditors. Mr. Hudson and his associates have acted responsibly and have been available over the past 3 1/2 years, for any of our inquiries. We would enthusiastically recommend Hudson & Company with a 5 Star rating, to anyone desiring financial advice. Thank you Bruce, and associates, for your care and advice.SM

Guin H.

03:34 25 Apr 14

We met with Bruce to discuss our financial circumstance and he was very helpful. He waited for us to explain our situation and asked any additional questions. He never judged us and always remained neutral. He gave us the best outcome and some other options that were out there. Really appreciated the advice and the fact it was unbiased and looked out for our best interest regardless if he obtained business from us.We would recommend Bruce to anyone who has financial questions or difficulties.

Next Reviews

Hudson & Company Insolvency Trustees Inc.

4.8

Based on 99 reviews

Kaylyn R.

17:18 21 Mar 23

Sally P

06:07 21 Mar 23

Kumar N.

19:29 15 Mar 23

Amber O.

17:44 10 Mar 23

Joel B.

20:19 07 Mar 23

Leah B

19:37 02 Mar 23

Thanks to Hudson and Company,Special thanks to Jeff and Brenna to help me to get rid of big portion of my debt, I strongly recommend this company if you are struggling with heavy debt,Regards,Ali

Alireza A.

21:09 04 Nov 22

Kristy W.

04:59 22 Oct 22

Dalton S.

00:21 15 Jun 22

eliza A.

23:08 08 Apr 22

Scott L.

14:38 02 Nov 21

Jodi P.

18:59 21 Sep 21

MissToneXoXo

19:59 04 Aug 21

Karen H.

17:16 22 Jun 21

Andrew S.

22:06 11 Jun 21

Noelle D.

03:26 10 Jun 21

Asif S.

20:31 02 May 21

J E

18:24 29 Apr 21

Eric R.

14:41 24 Apr 21

heather S.

12:14 10 Apr 21

Denise S.

16:32 05 Apr 21

The Company was professional and the workers were always courteous and very helpful. It was a pleasure to have been helped through a hard time in my life. Thankyou to all. Regards; John

John L.

20:30 02 Apr 21

hi I WOULD ABSOLUTELY PICK JEFF PRICE AS HE IS SO VERY AWESOME AND APPRECIATE ALL OF WHAT HE AND HIS STAFF DO FOR ME TOO

Denise R.

15:49 01 Apr 21

brenda M.

03:09 05 Mar 21

Marion S.

01:13 02 Mar 21

Elana M.

22:53 01 Mar 21

Jim D.

21:41 12 Feb 21

The R.

10:12 11 Feb 21

JM D.

22:54 08 Feb 21

Bruce W.

23:56 29 Jan 21

Mauricio S.

17:24 21 Jan 21

GO WITH THESE PEOPLE AS THEY ARE THE BEST TO HELP YOU OUT AS THEY HELPED ME OUT ALOT JEFF PRICE OR ANYONE ELSE TOO

Denise R.

19:00 19 Jan 21

LOVE HUDSON AN COMPANY THEY ARE SO AWESOME AND HELPFUL AN ANSWER?? TOO I WOULD ABSOLUTELY PICK JEFF PRICE OR ANYONE ELSE THERE

Denise R.

18:58 19 Jan 21

Santi W.

02:31 19 Jan 21

Herman D.

17:35 18 Jan 21

P.Ba. L.

05:21 14 Jan 21

Lee R.

23:55 31 Dec 20

Amanda R.

17:42 24 Dec 20

Hudson and Company were very helpful in achieving my goals. The staff are knowledgeable and professional.

Sandra P.

20:48 17 Dec 20

Bobbi Jean L.

04:20 16 Dec 20

Very professional, and reassuring. I’m glad I had the opportunity to work with Breanna and Jeff. Both made my decision easy. Thank you

Alisha M.

21:22 10 Dec 20

Marta M.

23:40 03 Dec 20

J L

14:01 10 Nov 20

Chalsea J.

15:44 08 Nov 20

Jose S.

18:10 06 Nov 20

Nadia G.

19:59 06 Oct 20

Michelle W.

20:25 03 Jul 20

M H.

18:17 02 Mar 20

Doug S.

14:04 12 Feb 20

Jeff was very professional, listened to my concerns, and provided a solutionthat no one else had thought of. I highly recommend him and his firm.

William G P.

19:05 05 Feb 20

Terri-Lynn M.

21:45 05 Dec 19

Kent M.

14:35 14 Oct 19

Aa J.

02:32 19 Sep 19

Lorne R.

18:53 29 Aug 19

Very Good at what they do....was a painless process in a difficult situation!!! Always quick to answer any questions and prompt replies to emails or calls. I would recommend if facing this type of situation!!

James N.

15:09 01 May 19

Jeff Price was extremely proficient. I am very grateful to Jeff and his team for helping me achieve debt relief. The whole process went seamlessly.

Karen A.

17:41 06 Sep 18

Chelsey C.

14:57 11 Jul 18

Mike H.

15:31 25 Jun 18

Kristen M.

20:27 29 Apr 18

Jennifer and Jeff had me completely at ease when I walked in a nervous wreck I couldn't have had two better people looking after me!

Theresa B.

00:12 28 Apr 18

Michael N.

21:29 27 Mar 18

Christopher C.

16:54 13 Mar 18

Kelly S.

20:28 05 Jan 18

Sean F.

20:09 02 Oct 17

ANGEL R.

17:02 10 May 17

Jeff Price is amazing !! Very professional, Jeff has really put my mind at ease with my finances. I highly recommend Hudson & Company thank you Jeff Price!

Mojo's W.

23:36 17 Apr 17

Shelley

15:42 31 Mar 17

derekate

17:44 12 Feb 16

Hudson & Company Insolvency Trustees I.

22:05 12 Jan 15

Hudson & Company Insolvency Trustees I.

22:01 12 Jan 15

Hudson & Company Insolvency Trustees I.

16:43 09 Jan 15

Guin H.

03:34 25 Apr 14

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Frequently Asked Bankruptcy Questions

Here we explore common considerations and frequently asked questions about bankruptcy to help you determine if it is a good idea for you. It is important to know that there are alternatives to bankruptcy, even in dire circumstances. Part of knowing if bankruptcy is a good idea is determining if you have any other options available. A Licensed Insolvency Trustee can help identify what options are available based on your unique situation. Once all other options are considered, bankruptcy is the last resort to get rid of debt and get your life back on track.

Will Bankruptcy Affect My Spouse?

No. Filing for personal bankruptcy in Canada does not directly affect your spouse. Your spouse is only responsible for their own debts and their portion of any shared debt. Your personal debts are separate.

If your spouse has co-signed or personally guaranteed any of your debts, then they will continue to be responsible for the debts if you are personally unable to pay. This is also the case with shared debt such a joint credit card account.

You and your spouse may have the option to file jointly. This is possible when all or most of your debts are shared. In this case you can avoid costs associated with filing personal bankruptcy for both spouses individually. It is important to note that in this case, the procedures are tied together and one spouse’s failure to follow procedure can stop the other from being discharged.

Talk to a Licensed Insolvency Trustee for help determining the best option based on your debt and family situation. As always, there are multiple ways to approach insolvency.

Will Bankruptcy Affect My Job?

It is illegal in Canada for your employer to fire you for declaring bankruptcy. In most cases you don’t even have to disclose it to them. In some cases, the position you hold or the jobs you can do may be restricted. This is more common in finance, legal and security professions.

If you hold a professional designation you should check the professional guidelines that are enforced by the regulatory body for any implications.

If you are in a position which may be affected by bankruptcy, talk to a Licensed Insolvency Trustee. They can help you work through the situation to find the most appropriate solution.

Will Bankruptcy Eliminate Tax Debt?

Yes. Bankruptcy can eliminate Tax debt

Without a bankruptcy or proposal, the CRA will generally not accept anything other than the full amount for any income tax debt. If you owe the CRA money, they may be able to freeze your bank account or garnish your wages without going through the courts. If you have a business, they can also go directly to your customers and have them pay them rather than you. If you are insolvent and unable to pay, declaring bankruptcy with the help of a Licensed Insolvency Trustee is one of the only ways to eliminate the debt.

Will Bankruptcy Stop Student Loans?

A discharge from bankruptcy can release you from your student loan repayment obligations if you filed for bankruptcy at least seven years from the time that you stopped being a full-time student. If you haven’t been a full-time student for more than seven years and you are now considering bankruptcy, you can expect to be able to include your student loan debt. In some cases, the court can reduce this period from seven years to five.

Will Bankruptcy Stop Wage Garnishment?

Yes. Once you declare bankruptcy your wages are protected from garnishment.

A wage garnishment is a court order that redirects a portion of your earned wages to a creditor. If your wages are being garnished, part of your pay-cheque is taken to pay back a specific debt. Anyone you owe money to can submit their claim to the court. If a judgement is granted in their favour, they have the option to contact your employer to garnish your wages (they may also have the option to seize cash from your bank account).

As soon as you sign the bankruptcy documents there is an “immediate stay of proceedings”. This puts an immediate stop to any current garnishment and provides legal protection against future garnishment.

Will Bankruptcy Stop a Judgement?

Short answer = Sometimes. If the judgement arises from a lawsuit involving unpaid debts, the lender or creditor may be able to garnish your wages or access your personal assets to satisfy the judgement. In cases such as this, declaring bankruptcy would stop the garnishment and discharge the debt. If such a lawsuit is pending at the time you declare bankruptcy, it will be stopped.

There are non-dischargeable debts that may arise from a judgement against you. In these cases, declaring bankruptcy will not eliminate the debt. Non-dischargeable judgements can arise from issues related to:

child support or alimony
criminal penalties or fines
certain taxes
debts arising from fraudulent activity
death or injury caused by drunk driving
willful and malicious injury caused by the debtor

So, judgements arising from regular unpaid debts can be included in a bankruptcy filing, but judgements arising from criminal activity or child/spouse support cannot be included.

Will Bankruptcy Affect My Car Insurance?

The effects of bankruptcy on your auto insurance are minimal in Alberta and you will generally not have to worry. When you declare bankruptcy, it is reported to the credit bureaus that determine your “credit score”. Some insurance companies in Canada are now using credit scores to underwrite auto insurance policies. The practice is different in each province due to legislative restrictions. In some provinces it is illegal for an insurance company to use your credit score to influence auto insurance rates. In Alberta, an insurer must get your explicit consent prior to looking at your credit score and you can say no.

If you are currently receiving a discount for having “good credit” you may no longer qualify for the discount.

Will Bankruptcy Affect My Credit?

Yes. In Canada there are two major credit reporting agencies, Equifax and TransUnion. They keep track of your credit history and provide reports to lenders. When you file for bankruptcy it is reported to these agencies. If you are declaring bankruptcy for the first time, it will be included on your credit reports for as long as seven years following your discharge. If it is your second time declaring bankruptcy it will be included for up to 14 years following your discharge.

Equifax uses a scale from R1 to R9 (R1 = perfect credit). Declaring bankruptcy will result in a rating of R9.

Can Bankruptcy Stop a Foreclosure?

No. Bankruptcy in Canada does not include secured debt. Your mortgage is secured because it is tied to a physical asset (your home). This means that the value of the mortgage is guaranteed to the lender by their ability to recover the value from your home. If you stop making your mortgage payments the lender has the legal right to foreclose and recover any amounts owed to them.

Declaring bankruptcy will not stop a foreclosure but seeking help early on may help you manage your insolvency before it is too late. As long as you are able to continue making your mortgage payments you can avoid foreclosure.

Will Bankruptcy Stop Bailiff Enforcement Action?

Short answer = Sometimes. If there is a judgement against you for unpaid debts, the creditor can begin to take action towards seizing your personal property. This is done through a Civil Enforcement Agency that employs Bailiffs to collect on your outstanding debts. The Bailiff may be able to take away and sell property such as: your vehicle, your home, cash, luxury items, and jointly-owned possessions. In the case of unpaid debt, filing for bankruptcy would discharge the debt and there would be a “stay of proceedings”.

Civil Enforcement Agencies can get involved for different reasons, including unpaid child and spouse support, court orders (mentioned above), parking fines, unpaid rent, and unpaid taxes. There are non-dischargeable debts that do not go away with bankruptcy. These include any judgements involving:

child support or alimony
criminal penalties or fines
certain taxes
debts arising from fraudulent activity
death or injury caused by drunk driving
willful and malicious injury caused by the debtor

In these cases declaring bankruptcy will not prohibit a bailiff from continuing their duties.