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Debt help & bankruptcy in Okotoks

Licensed Insolvency Trustees

Angela Lock

CIRP, Licensed Insolvency Trustee

Linda Alexanderson

CGA, CIRP, Licensed Insolvency Trustee
Linda's CV

Proposal Manager

Bankruptcy Administrator - Marina Clark

Marina Clark

Proposal Manager


Estate Manager

Insolvency Administrator in Calgary - Theresa Steeves

Theresa Steeves

Estate Manager
Theresa's CV

Contact info

Southcentre Executive Tower
Suite 450
11012 MacLeod Trail South
Calgary, Alberta T2J 6A5
T 403-310-8888
F 403-260-2571

6:30am appointments available in our Calgary Southcentre office on Tuesdays and Wednesdays.
Lunch hour appointments are also available.

Licensed Insolvency Trustees

We are Licensed Insolvency Trustees (formerly Bankruptcy Trustees), qualified to provide debt help — an array of solutions to your debt problems including, general personal financial restructuring, informal debt settlement, formal debt settlements, consumer proposals to creditors, and bankruptcy. Okotoks residents who need debt help or to file bankruptcy can contact our South Calgary office.

Briefly, the steps to file bankruptcy are:

  • Choose a Licensed Insolvency Trustee such as Grant Thornton Limited.

  • The 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, most creditors are no longer able to pursue you for collection of their accounts.

  • You may be requested to attend an interview with the Official Receiver who is a government official.

  • You will be required to attend two financial counselling sessions.

  • If you have any assets which you will not be allowed to keep (see Assets you can keep in bankruptcy), you will be expected to help the Trustee sell them.

  • You will report your income and expenses on a monthly basis to your Calgary Licensed Insolvency Trustee. You may also be required to pay some money to the Calgary 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 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.

Unsecured creditors and bankruptcy

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.

Call us toll free in Alberta at 310-8888 for a free, no obligation, confidential consultation — in person Mon to Fri: 8am-4:30pm, over the phone Mon to Fri: 7am-5pm, Sat & Sun: 9am-3pm.


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