Bankruptcy Questions

WHAT IS BANKRUPTCY?

FIND ANSWERS TO OUR FREQUENTLY ASKED QUESTIONS

We welcome you to browse this page to find some answers to our most frequently asked questions. If you have any further questions, we welcome you to give us a call today!

WHY MIGHT YOU NEED PERSONAL BANKRUPTCY?

Call us for a free consultation to explore all available options.

The collection process can be stayed (stopped) by any of the alternatives under the Bankruptcy and Insolvency Act.

A debtor has rights under the Civil Enforcement Act of Alberta, and you should contact a lawyer or a trustee for a consultation as to your rights.

Call for a free initial consultation

Fox-Miles & Associates Inc. Licensed Insolvency Trustee can explain the process so you can make an informed decision.

Call Fox-Miles & Associates Inc. Licensed Insolvency Trustee to see what your options are.

All your creditors receive notice of the proceedings and the process is a matter of public record.

Bankruptcy takes a minimum of 9 months. Consumer proposals can take up to 5 years. Bankruptcy is not the only solution; call Fox-Miles & Associates Inc. Licensed Insolvency Trustee to explore all your options.

A first time bankrupt, who has excess income, according to the Superintendent of Bankruptcy, must pay their excess for 21 months. A second time bankrupt must pay their excess for 36 months, to quality for an automatic discharge.