How many unsecured creditors would it take to petition the court for an involuntary bankruptcy in Alberta ? I am the principal in a company that has an outstanding amount owed to them by an Alberta corporation, and was wondering how difficult it would be to push the company into bankruptcy.

One or more creditors can file a petition if the debt owing is greater than $1,000 and an "act of bankruptcy" was committed in the last six months.

You should speak to your lawyer regarding your situation and if you need a Trustee to consent to act for your petition, please contact Bruce Alger (296-2970) of our office who can discuss this matter further with you.

Shane Brenneis
403.296.2975
sbrenneis@moneyhelp.ca