Bankruptcy Counselling

Bankruptcy Counselling Services in Edmonton

Your Path to Financial Recovery Starts Here

At Fox-Miles & Associates, we recognize that dealing with overwhelming debt can be an isolating and stressful experience. If you are considering bankruptcy or feeling uncertain about your options, you are not alone and don’t have to face this challenge alone. Our bankruptcy counselling services in Edmonton provide clear, compassionate, and confidential support. We are here to help you understand your rights, explore alternatives, and regain control of your finances.

What Is Bankruptcy Counselling and Why Is It Required?

Bankruptcy counselling is a mandatory part of the bankruptcy process in Canada. The Government of Canada requires all individuals filing for bankruptcy to complete two counselling sessions with a Licensed Insolvency Trustee (LIT). These sessions are designed to help you:

Understand the causes of financial difficulty
Learn effective money management skills
Identify healthier spending and budgeting habits
Discover long-term strategies to avoid future debt

At Fox-Miles & Associates, we don’t just check a box—we offer meaningful guidance to help you turn a difficult chapter into a fresh financial start.

Is Bankruptcy the Right Option for You?

Bankruptcy might be appropriate if you:

Are unable to keep up with minimum payments
Receive constant collection calls or legal notices
Have wages that are being garnished
Owe more than you could realistically repay in a reasonable time

However, you have other options. A consumer proposal or a debt management plan through credit counselling may be alternative paths. During your consultation, we will guide you through all available options—without any pressure.

What to Expect From Our Bankruptcy Counselling Services

When you contact Fox-Miles & Associates for bankruptcy counselling in Edmonton, here’s what the process looks like:

1. Free Initial Consultation

We will listen carefully, review your debts and income, and discuss your goals without judgment—just support.

2. Financial Assessment

We will help you understand your complete financial picture, including your credit report, both unsecured and secured debts, and living expenses.

3. Exploring Options

We will explain the bankruptcy process, including its advantages and disadvantages, as well as alternative solutions such as:

Consumer Proposals
Debt Consolidation
Credit Counselling
Budgeting and Financial Education

4. Ongoing Support

If you decide to file for bankruptcy, we will assist you throughout the process and provide the two necessary financial counselling sessions to support your long-term success.

Your Two Counselling Sessions: What to Expect

Session 1: Understanding Your Current Financial Habits

In your first session, we focus on foundational financial education tailored to your circumstances. Topics include:

Budgeting and money management techniques
Responsible use of credit
Shopping and spending behaviours
Recognizing the early signs of financial trouble

This session provides practical skills to help you maintain financial stability in the future.

Session 2: Addressing Deeper Causes and Building a Financial Plan

Your second session builds on the first, offering insights into the root causes of insolvency and providing actionable tools for improvement. Your Licensed Insolvency Trustee (LIT) will:

Follow up on your bankruptcy process
Discuss challenges related to income, budgeting, or life circumstances
Identify non-financial causes of financial hardship (e.g., job loss, illness, addiction, relationship issues)
Provide referrals to specialized counselling if needed
Help you create a realistic plan for long-term financial health

How Long Does Bankruptcy Take?

While the counselling sessions are typically quick and straightforward, the bankruptcy process can take several months to a few years, depending on your circumstances. These two counselling sessions are just part of the broader journey—but they play a key role in helping you rebuild stronger financial habits and avoid future difficulties.

Why Choose Fox-Miles & Associates for Bankruptcy Counselling in Edmonton?

For over 25 years, Fox-Miles & Associates has helped Albertans take control of their finances with dignity and respect. When you choose us, you get:

Licensed, experienced professionals you can trust
Free consultations—no obligation
Virtual and in-person counselling for your convenience
A client-focused approach that prioritizes your long-term success
Continued support through every phase of the bankruptcy process

We know bankruptcy is more than a financial process—it’s a life transition. We are here to help you move forward with confidence.

Take the First Step—Talk to Someone Who Can Help

You don’t need to face financial uncertainty alone. Our team at Fox-Miles & Associates is here to help you understand your options and choose the best path toward a stable, debt-free future.

Book your free, confidential consultation today and speak with one of our Licensed Insolvency Trustees (LITs). We’ll explain your options and help you determine the best path forward.

We proudly serve Edmonton and surrounding areas with accessible, compassionate bankruptcy counselling. Let’s work together to help you get back on track.