Calgary Bankruptcy Offices
Alternatives to Bankruptcy
Debt Problems -
Managing Your Debts
Dealing with CCRA
Calgary - All About Bankruptcy
Bankruptcy Danger Signals - What Are They?
Possible Solutions to Bankruptcy
Filing Bankruptcy or Making a Proposal
Bankruptcy Debts Not Discharged
What is bankruptcy?
What is a Proposal?
FAQ about Bankruptcy
Exempt Assets - Will I Lose Everything in Bankruptcy?
My Spouse/Partner - How are They Affected by Bankruptcy?
Bankrupcy and Student Loans (Canada)
Rebuilding Credit after Bankruptcy
Opening a Bank Account after Bankruptcy
Income Tax Debt and Bankruptcy
Farmers in Financial Difficulty
Excerpts from the Bankruptcy
and Insolvency Act
Who else can help?
Fort Macleod Bankruptcy
Fort Saskatchewan Bankruptcy
Grande Prairie Bankruptcy
High River Bankruptcy
Medicine Hat Bankruptcy
Red Deer Bankruptcy
Sherwood Park Bankruptcy
St. Albert Bankruptcy
Bankruptcy by Province
Newfoundland & Labrador
How to File Bankruptcy in Calgary
Briefly, the steps are:
Choose a Calgary Bankruptcy Trustee such as Grant Thornton Alger 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.
This site provides free information about personal bankruptcy in Calgary and personal bankruptcy alternatives in Calgary, including answers to common personal bankruptcy questions. Calgary Bankruptcy, Edmonton Bankruptcy, Alberta Bankruptcy, Canada Bankruptcy