This bankruptcy Alberta web site contains free information on personal bankruptcy in Alberta.

	Ron J. Nordstrom, CIRP, Trustee Ron's CV rnordstrom@alger.ca 780-442-1989
	Freida M. Richer, CIRP, Trustee fricher@alger.ca 780-442-1990
	Karen Horvath, CIRP, Trustee Karen's CV khorvath@alger.ca 780-442-1991

What is Bankruptcy?

Briefly, the steps are:

• Choose a Bankruptcy Trustee such as Alger & Associates Inc.

• The Trustee will help you prepare a Statement of Affairs which lists all of your assets, creditors, income, expenses, and other pertinent information.

• After you file bankruptcy, most creditors are no longer able to pursue you for collection of their accounts.

• You may be requested to attend a bankruptcy interview with the Official Receiver who is a government official.

• You will be required to attend two financial counselling sessions.

• If you have any assets which you will not be allowed to keep (see Will I Lose Everything?), you will be expected to help the Trustee sell them.

• You will report your income and expenses on a monthly basis to the Trustee. You may also be required to pay some money to the Trustee each month depending upon how much you earn, the size of your family and your circumstances.

• You will be automatically discharged from bankruptcy in 9 months if this is your first bankruptcy and there are no objections. You will have no further obligations for the debts covered in your bankruptcy.

Proud sponsors of Alberta Bankruptcy.

If you wish to talk to one of the Alberta bankruptcy professionals at Alger & Associates Inc., you can call us TOLL FREE from anywhere in Alberta at 310-8888 for a FREE CONSULTATION.

You may also submit a question online to our Alberta Bankruptcy Question and Answer Forum

 

 

This site is sponsored by Alger & Associates Inc. - Calgary Bankruptcy, Edmonton Bankruptcy, Canada Bankruptcy