Things To Know About Bankruptcy In Alberta
Alberta bankruptcy laws change over time, and every bankruptcy in Alberta is different. At Hudson and Company we can help you figure out whether filing for bankruptcy is your best option, and how to go about the process.
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 have fallen on hard times. Filing for bankruptcy in Canada is often a sign that you are ready to move forward with your life, and better one’s self financially.
Filing for Bankruptcy in Alberta Does Not Mean You Have to Lose Your Home or Job. Under Canadian bankruptcy law, many your personal assets – including your home – are often protected from creditors.
Alberta Bankruptcy Proceedings Take Time. This can range from nine months to three years, depending on your financial situation and personal history.
When Filing For Bankruptcy in Alberta a Review of Your Finances is 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 so you can once again become financially stable.
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 and avoid further damage to your credit rating.
Want to know more? At Hudson and Company, we have a highly qualified 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 team members. We will help you determine whether filing for bankruptcy in Calgary is the right move for you.