Debt Relief Programs
Bankruptcy
Legally process that can help reduce the amount of debt you owe by discharging debt
Bankruptcy
Bankruptcy is a legal process that allows individuals or businesses to have their debts discharged or restructured. It is a way of managing debt that is available to those who can no longer pay their creditors.
Debts Discharged
Certain debts can be discharged, or eliminated, through the process
Court Supervised
Credit counselors can help you get a clear picture of your finances
Last Resort
Once we've ruled out all other options this would be a last resort
Bankruptcy is a court-supervised process that involves a debtor (the person who owes money) and a trustee (the person appointed to manage the debtor’s assets). The debtor must provide the court with a list of their assets and liabilities, and the court will then decide how to restructure the debt. Depending on the type of bankruptcy, the court may allow the debtor to keep some of their assets, while others may be sold to help pay off creditors.
Bankruptcy is only considered, however, after we explore all your other options first. We will look at your current financial situation, income, and debt. We will also review your credit report to see if there are any discrepancies or errors that could be corrected. We may suggest ways to reduce your debt, such as consolidating loans, negotiating with creditors, or setting up a payment plan. Additionally, we may recommend that you seek the help of a credit counseling agency.
Once we have exhausted all of these options, we can then consider bankruptcy as a potential solution. It is important to understand that bankruptcy is a serious decision, and it has long-term consequences. Before making any decisions, it is essential to understand the implications and the process.
We are here to help you make the best decision for your financial situation. We can provide you with the resources and guidance you need to make an informed decision.
Give us 30 minutes and we'll give you a plan to be debt-free.
Just click get started to submit a free consultation request.
Testimonials
What our customers say
We’ve been helping people across the province get access to the best debt relief resources in the country since the beginning of the pandemic.
After seeing more and more people lose their homes, cars and belongings we realized the need to serve the good people of Alberta that banks would not help.
My gratitude to your entire team for changing my life cannot be overstated. I promise I will tell everyone I know to call you to discuss your debt relief programs. You have a supporter for life in me!
