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Calgary Bankruptcy Trustee -
Alger & Associates Inc.
Downtown Calgary Bankruptcy Trustees
Personal Bankruptcy & Corporate Recovery (Calgary)
400, 602 - 11th Ave SW
Calgary, Alberta T2R 1J8
Phone: (403) 298-5800
Fax: (403) 296-2988
South Calgary Bankruptcy Trustees
Personal Bankruptcy & Corporate Recovery (Calgary)
412 Centre 70
7015 Macleod Trail South
Calgary, Alberta
T2H 1X9
Phone: (403) 255-7066
Fax: (403) 296-3080
Northeast Calgary Bankruptcy Trustees
Personal Bankruptcy & Corporate Recovery (Calgary)
408 Sunridge Professional Building
2675 36 Street N.E.
Calgary, Alberta
T1Y 6H6
Phone: (403) 250-3007
Fax: (403) 296-2991
Northwest Calgary Bankruptcy Trustees
212 Market Mall Professional Building
4935 - 40 Avenue NW
Calgary, NW T3A 2N1
Phone: (403) 247-3376
Fax: (403) 247-9878
You may also submit a question online to our Calgary Bankruptcy Q&A Forum, a free online resource that will answer your questions about bankruptcy and other financial options.
Call us or come into any one of our 4 Calgary bankruptcy locations for a free consultation about personal bankruptcy and bankruptcy proposals for Alberta residents. Our Calgary bankruptcy trustees will help solve your money problems and address any debts or other concerns that might lead to personal bankruptcy.
We can also help with managing your debts, consumer proposals, dealing with your income taxes and the CRA, and other financial or bankruptcy related concerns.
This Calgary bankruptcy web site also gives you an overview of how to file bankruptcy in Calgary as well as a more indepth FAQ on bankruptcy and an FAQ on financial propposals.
Sample Questions and Answers from our Calgary Bankuptcy Question and Answer Forum:
I was not discharged from a previous bankruptcy and was given a few credit cards... can not pay them back. If I was already bankrupt when the credit cards were given to me, and now I can not pay them back, what are my options? Is it the credit card company's fault for giving me credit cards while I was bankrupt?
If I include my bank overdraft in my bankruptcy, what will happen to my bank account? Will they close it or just stop the overdraft privilege? Would it be better to just go out of that bank and start with another one before I begin the process? I also have a VISA card and chequing account with another bank. I am including the card in the bankruptcy so what will likely happen to the bank account?
I was married for 9 years. During my marrige my wife and I financed a mini-van. We were unable to make the payments and the van was returned to the dealership. I was the primary on the contract and my wife the co-signer. There was an outstanding balance of $12, 000. We have since separated and immidiately following our separation my ex declared bankruptcy. Is this debt now solely mine or can she be held responsible for any portion? If I declare bankruptcy for the balance I will wreck my credit rating right?
My husband owes about $50,000 in debt to CRA but really not alot of other debts ($2000 on a line of credit, $500 on a credit card). We own a home, with a $370k mortgage on it, and we could sell it for about $450k, so about $80k equity in the home. We would like to consider bankruptcy, as he is disabled and no longer working, and he cannot afford to pay this debt. How does that affect our matrimonial home? Would they just require him to pay the $20k beyond his exemption? We want to ensure that they wont make us sell our home in order to satisfy this debt.
i am wondering if we declare bankruptcy if we will be forced to sell our home and have to uproot our children from the only home they have ever known?
about 2 1/2 years ago we were discharged from a bankruptcy that included my husband, myself and the business he had at the time. Now he owes quite a lot of business taxes and I am wondering what happens options there are if he cannot pay them. What happens if we dissolve the business? He is a shareholder of 55% and the director of the business, I am a shareholder of 45%. The business owns 2 vehicles and that is about it. It is a small 'contractor' business. Please let me know what options there are! I am concerned about them coming after our wages for the taxes etc...can this happen? I don't think we should have our own business...its what caused our first bankruptcy!! Thank you.
i have both a federal and provincial student loan, part of which is with a bank and the rest with National Student Loan Centre. i have exhausted interest relief, interest-only, and have been denied debt-reduction twice, but cannot make ends meet. i have kept the loans up to date using credit cards, but now maxed-out. what happens if i just give up and leave the loans to go into default? what does the bank do next? what would NSLC do next? what does the federal/prov. gov't student loans typically do? thank you.
I am in a very bad divorce, which my husband has forced me into bankruptcy, and he is asking for spousal support thru family court. I know for a fact he has fraudlenty not claimed income from his side jobs, which can be easily traced. I am reporting him to revenue canada and EI for not making claim on his true income. Should i report this to my trustee, since he has just filed bankruptcy. What negative effects will this have on his discharge.
If you wish to talk to one of the Calgary bankruptcy professionals at Alger & Associates Inc., you can call us TOLL FREE from anywhere in Alberta at 310-8888. After hour appointments at our Calgary bankruptcy offices are available.
How to File Bankruptcy in Calgary
Briefly, the steps are:
Choose a Calgary Bankruptcy Trustee such as Alger & Associates Inc. - Calgary Bankruptcy Trustee
The Calgary Bankruptcy Trustee will help you prepare a Statement of Affairs which lists all of your assets, creditors, income, expenses, and other pertinent information
After you file bankruptcy in Calgary, most creditors are no longer able to pursue you for collection of their accounts.
You may be requested to attend a bankruptcy interview in Calgary with the Official Receiver who is a government official.
You will be required to attend two financial counselling sessions in Calgary.
If you have any assets which you will not be allowed to keep (see Will I Lose Everything?), you will be expected to help the Trustee sell them.
You will report your income and expenses on a monthly basis to your Calgary Bankruptcy Trustee. You may also be required to pay some money to the Calgary Bankruptcy Trustee each month depending upon how much you earn, the size of your family and your circumstances.
You will be automatically discharged from bankruptcy in Calgary in 9 months if this is your first bankruptcy and there are no objections. You will have no further obligations for the debts covered in your bankruptcy.
Your company, partnership, or business may also file bankruptcy or make a proposal if it meets the above requirements.
You should be aware that any unsecured creditor to whom you owe more than $1,000 could try to force you into bankruptcy. This is called a petition in bankruptcy. In this case, the creditor must prove that you have committed an act of bankruptcy, such as not paying your bills as they came due. The court reviews the facts and, if the petition is allowed, issues a receiving order which places you in bankruptcy with a trustee selected by the petitioning creditor.
If you are in Alberta and considering bankruptcy, we will be pleased to arrange a FREE consultation to talk about how you can start picking up the pieces.
This site provides free information about personal bankruptcy in Calgary and personal bankruptcy alternatives in Calgary, including answers to common personal bankruptcy questions.
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