Financial Help - Calgary - Possible Solutions or Options to Bankruptcy in Calgary

If you need financial help in Calgary, you may consider doing the following:

• Talk to your creditors and explain your financial difficulties; consider returning goods; try to negotiate smaller payments over a longer period of time.
  
  

• Talk to your bankers about your debts. Try to arrange a consolidation loan; the bank may charge a lower interest rate than credit cards or other financers and might accept lower periodic payments.
  
  

• Attend seminars on managing your finances presented by Credit Counselling Services of Alberta Ltd. (CCSA)
  
  

• Check with your employer to see if there is an employee assistance plan available to provide counselling for financial help, financial management.
  
  

• Obtain credit counselling services from your local family or community association.
  
  

• Apply to CCSA for a Consolidation Order (Orderly Payment of Debts) allowing you to pay 100% of your debts over an extended period.
  
  

• Contact a Calgary bankruptcy trustee to discuss whether you may be able to:
  
  

  1. make an informal arrangement or settlement with your creditors, or
     
     

  2. make a proposal under the Bankruptcy and Insolvency Act.

  These options are NOT bankruptcy.