Get a fresh financial start through a personal bankruptcy, which is a legal process that will eliminate most of your unsecured debt. You will receive protection from the collection action of your creditors including wage garnishments and you will not lose everything.
Not sure if bankruptcy is for you? Our Calgary Licensed Insolvency Trustees (formerly known as bankruptcy trustees) can help you find the best solution to your debt problems, whether it is through a consumer proposal, personal bankruptcy or another debt solution.
Hardie & Kelly’s Licensed Insolvency Trustees (LIT’s) are licensed by the federal government to administer consumer proposals and personal Calgary bankruptcies. Our role is to assist you in understanding your financial situation and the various options available to reduce or eliminate your debt.
What is Personal Bankruptcy
Personal Bankruptcy is a legal process regulated by the Bankruptcy and Insolvency Act (the “Act”) through which you may discharge most of your unsecured debt whilst receiving protection from the collection action of your unsecured creditors.
Benefits of Filing for Personal Bankruptcy
Bankruptcy can be the right choice, in some financial situations:
- Wage garnishments stop
- Protection from the collection action of creditors and collection agencies
- Collection agencies will stop calling
- You won’t lose everything
At the end of the bankruptcy process you will have a fresh start and control of your finances.
If you are unsure whether bankruptcy is right for you, there are other alternatives to bankruptcy. Our Licensed Insolvency Trustees in Calgary can explain these options to you.
Contact us for a Free Consultation in Calgary or High River to review your options.