File Bankrupcty - Canada
file bankruptcy Canada file bankruptcy or a bankruptcy proposal in Canada

File Bankruptcy, Canada

file bankruptcy in Canada  
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Are your financial problems causing you sleepless nights?

Danger Signals - What Are They?

Possible Solutions

Filing Bankruptcy or Making a Proposal

Debts Not Discharged

What is bankruptcy?

What is a Proposal?

FAQ about Bankruptcy

FAQ about Proposals

Exempt Assets - Will I Lose Everything?

My Spouse/Partner - How are They Affected?

Student Loans (Canada)

Credit Ratings

Rebuilding Credit

Opening a Bank Account

Secured Creditors

Income Tax Debt

Farmers in Financial Difficulty

Excerpts from the Bankruptcy and Insolvency Act

Who else can help?
file bankruptcy in Canada

Who Can File Bankruptcy or Make a Proposal?

click here to get a confidential callback from one of our Alberta Bankruptcy Trustees!

You can file bankruptcy or make a proposal if:

  • you are not presently in bankruptcy and;

  • you owe at least $1,000 and;

  • you are not able to meet your regular payments as they become due; or

  • you would not be able to pay all of your debts if all of the assets you are not allowed to keep are sold.

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.


Our qualified Alberta trustees are familiar with all aspects of
Canadian bankruptcy law. We currently have offices in
Calgary, Red Deer, and Edmonton, Alberta, Canada.

Call now for a free consultation: 310-8888

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