Commercial Bankruptcy

COMMERCIAL BANKRUPTCY IN EDMONTON

ARE YOU CONSIDERING CORPORATE BANKRUPTCY IN EDMONTON?

Recessions hit Alberta’s businesses hard.  If your small business has not recovered, you may have to consider corporate bankruptcy to reduce your monthly debt payments.  Let the team at Fox-Miles & Associates review your business’ financial situation and provide you with options for financial recovery.

Schedule Your Free Consultation

    Steps Involved in
    Declaring Commercial Bankruptcy in Edmonton

    Corporate Bankruptcy in Edmonton can be a business-saving debt solution for many companies.  It can facilitate restructuring your payment plan, consolidate your debts, and removing interest from your obligations so you can pay off the principal.  If you and your trustee decide to pursue corporate bankruptcy, we will help you complete the appropriate forms, contact creditors, and liquidate assets.

    Navigating commercial bankruptcy is a much more complicated and costly process when compared to declaring individual bankruptcy.  Rest assured that the Licensed Insolvency Trustees at Fox-Miles & Associates are here to help you during the entire process. 

    EDMONTON COMMERCIAL BANKRUPTCY

    TYPES OF COMMERCIAL BANKRUPCIES

    There are two types of commercial bankruptcy options available.  Your Licensed Trustee will ensure to guide you on the most appropriate solution for your business.

    Sole Proprietor

    Corporation

    • Business is a legal entity separate from your personal finances
    • Some debts still have a personal liability attached to them
    • Bankruptcy does not necessarily mean you need to shut your business down
    • A business will, however, cease operations if it cannot fulfill debts obligations over-time that existed when the bankruptcy was declared

    LEARN MORE ABOUT OUR BUSINESS BANKRUPTCY SERVICES IN EDMONTON

    Business bankruptcy is a debt relief option for businesses that are no longer in a financial position where they can pay their debts on time.  Consulting with a Licensed Insolvency Trustee should be your first step if your business is facing financial difficulties.  A Licensed Trustee will review all potential debt relief options available to you and your business.  There are options other than bankruptcy that you need to consider.  The Trustees with Fox-Miles & Associates will gain a thorough understanding of your business’s current financial state.  With that knowledge, we will explain all options available to you.  We will work with you during to entire process to help get your business back to its best possible financial position. 

    contact us to schedule your

    free consultation today.

    If your company’s financial future seems dire, reach out to Fox-Miles & Associates Licensed Insolvency Trustee for qualified financial advice.  To schedule your free consultation, call Fox-Miles today.

    Summary
    COMMERCIAL BANKRUPTCY IN EDMONTON
    Service Type
    COMMERCIAL BANKRUPTCY IN EDMONTON
    Provider Name
    FOX MILES & ASSOCIATES INC. - Licensed Insolvency Trustee,
    310 – 8702 Meadowlark Road NW,Edmonton,Alberta-T5R 5W5,
    Telephone No.780-444-3939
    Area
    Edmonton, Sherwood Park, Stony Plain, Spruce Grove, St. Albert, Leduc, Hinton
    Description
    If you own a business in Alberta and are having trouble with mounting debt or meeting financial obligations, it might be time to consider contacting a licensed bankruptcy trustee to discuss the option of declaring commercial bankrtupcy. Call us today to learn more about the options for your business.