Bankruptcy

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bankruptcy in calgary

Calgary, Edmonton, and throughout Alberta — Get debt help now. Call toll free in Alberta for a free consultation to discuss all debt solutions, not just bankruptcy. 310-8888
Or TEXT us at 403-482-9000

calgary bankruptcy trustees
Bankruptcy Trustees

Bankruptcy in Calgary – Downtown location

Licensed Insolvency Trustees

If you are considering filing bankruptcy in Calgary, we are a Licensed Insolvency Trustee (formerly Bankruptcy Trustee), qualified to provide debt help — an array of solutions to your debt problems including, general personal financial restructuring, advice on debt consolidation, informal debt settlement, formal debt settlements, consumer proposals, and bankruptcy.

Licensed Insolvency Trustees

Angela Lock, Calgary Bankruptcy Trustee

Angela Lock

CIRP, Licensed Insolvency Trustee
403-296-3081
angela.lock@ca.gt.com

Wayne Weber, Calgary Bankruptcy Trustee

Wayne Weber

CPA, CA, CIRP, Licensed Insolvency Trustee
Wayne's CV
403-296-3082
wayne.weber@ca.gt.com

Estate Manager

Kiu Lau, Estate Manager in Calgary

Kiu Lau

Estate Manager
403-296-2985
kiu.lau@ca.gt.com


Linda Alexanderson, Bankruptcy Trustee

Linda Alexanderson

CGA, CIRP, Licensed Insolvency Trustee
Linda's CV
403-296-2984
linda.alexanderson@ca.gt.com

Bruce Alger, Bankruptcy Trustee

Bruce Alger - Retired

CA, CIRP, Licensed Insolvency Trustee
Bruce's CV

Contact info

Grant Thornton Limited

833 - 4 Ave SW, Suite 900
Calgary, Alberta   T2P 3T5

T 403-298-5800

TF 310-8888

F 403-260-2571

6:30am appointments available in our Calgary downtown office on Mondays and Thursdays.
For these early appointments, take the elevator to the 9th floor and call 403-296-2984 so that someone can let you in. Lunch hour appointments are also available.


» Bankruptcy on Google+

Briefly, the steps to file bankruptcy in Calgary are:

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. 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.

If I declare bankruptcy in Alberta, will my wages be garnished?

No. In fact, personal bankruptcy in Alberta prevents your creditors from garnishing your wages and protects your income to ensure a reasonable standard of living.

When are payments from my income required?

When a person files an Assignment in Bankruptcy in Alberta, a portion of their take-home pay may be payable to the Trustee for the benefit of all creditors. The actual amount payable depends on several factors, including: the take-home pay of the family unit, the number of people in the family and whether the family has non-discretionary expenses such as child care or child support.

Do I have to pay my income tax debt if I declare bankruptcy?

Income taxes owed before the date of bankruptcy are almost always dischargeable. You therefore will not have to pay them.

What property can I keep?

Assets you can keep if you declare personal bankruptcy varies by Province.

For complete details on what assets you can keep when filing bankruptcy in Alberta, click here.

Can my RRSPs or retirement pension be seized if I declare bankruptcy?

Pensions are exempt from seizure. In Alberta, RRSPs cannot be seized and there is no requirement to forfeit the last year's contributions.

If I declare bankruptcy, will the money I receive from the provincial and federal government for my children be seized?

No, child payments or family allowances will never be seized.

If I declare bankruptcy, do I still have to pay off my student loan?

You will not have to pay off your student loan if you finished school more than seven years ago because it then becomes a dischargeable debt in the event of bankruptcy. Otherwise, yes, you will have to continue to pay off the loan.

» More FAQ's on bankruptcy.

Contact Us

To speak to one of the debt help or bankruptcy professionals in Calgary, 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.

Reviews

Grant Thornton Limited
Calgary, AB

5 star review of calgary bankruptcy

"I was always treated with respect & consideration, and the steps I needed to take were outlined really clearly for me. I strongly recommend Angela Lock, and the team at Grant Thornton Alger to anyone facing the difficult decision of filing for bankruptcy.

I am writing this review while looking at my Order of Absolute Discharge. I am now fully released from bankruptcy, and ready to start my financial life over again!"

Rosie

Read the full review

"Angela was always just an email away no matter what I needed. If you are unsure how to proceed or just scared just CALL they will help you make the choice that is best for you. Thanks GT I have and will continue to recommend you going forward."

More testimonials

» Write a Review

Videos - bankruptcy & consumer proposal

Will I lose everything if I file bankruptcy? What assets can I keep?

Details on the bankruptcy process if you need to file bankruptcy in Calgary.

How to reduce debt with a consumer proposal.

Details on the bankruptcy process.

Calgary Bankruptcy Youtube Channel     Videos on bankruptcy, consumer proposals, and debt help on our YouTube Channel

 

       

 

All locations
310-8888

© 2017 Grant Thornton Limited, Licensed Insolvency Trustees. All rights reserved.     Calgary Licensed Insolvency Trustee


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