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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

Debt help and filing bankruptcy in Calgary – Downtown location

Licensed Insolvency Trustees — Bankruptcy & Consumer Proposals

For bankruptcy in Calgary and other debt solutions, we are a Licensed Insolvency Trustee (formerly known as Bankruptcy Trustees), 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

Wayne Weber, Calgary Bankruptcy Trustee

Wayne Weber

CPA, CA, CIRP, Licensed Insolvency Trustee
Wayne's CV

Estate Manager

Kiu Lau, Estate Manager in Calgary

Kiu Lau

Estate Manager

Linda Alexanderson, Bankruptcy Trustee

Linda Alexanderson

CGA, CIRP, Licensed Insolvency Trustee
Linda's CV

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 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 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 in Calgary.

  • 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 Trustee. You may also be required to pay some money to the Trustee each month depending upon how much you earn, the size of your family and your circumstances.

  • You will be automatically discharged 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 .

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. Any questions you have with respect to surplus income can be addressed with the Trustee when you first meet with us.

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 if I file bankruptcy?

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.

» More FAQ's on bankruptcy.

Contact Us

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.


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!"


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."


"Angela should be commended for an outstanding job throughout the 9 months of our ordeal. She showed compassion and at the same time conducted herself professionally. Through a difficult time we felt very comfortable with her. You are lucky to have her on your team."

M & D

More testimonials

» Write a Review

Videos - bankruptcy & consumer proposal

Will I lose everything if I file bankruptcy? What assets can I keep? A Licensed Insolvency Trustee reviews the assets you are allowed to keep when you file bankruptcy.

Need to file bankruptcy in Calgary? A Licensed Insolvency Trustee discusses the process and what you need to do to get discharged from bankruptcy. Free consultation to review all debt help options.

How to reduce debt with a consumer proposal in Calgary.

Details on the bankruptcy process.

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


Calgary Downtown
833 - 4 Ave SW, Suite 900
Calgary Alberta T2P 3T5
Tel: 310 8888

Calgary South
11012 MacLeod Trail South, Suite 450
Southcentre Professional Building
Tel: 310 8888

Calgary NW
4935 - 40 Ave NW, Suite 226
Market Mall Professional Building
Tel: 310 8888

Calgary NE
2675 - 36 Street NE, Suite 412
Sunridge Professional Building
Tel: 310 8888


All locations

© 2011 Grant Thornton Limited • All rights reserved     Calgary Licensed Insolvency Trustee

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