File bankruptcy Alberta

Briefly, the steps are:

• Choose an Alberta Bankruptcy Trustee such as Grant Thornton Alger Inc.
  
  

• The Alberta Bankruptcy 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 in Alberta, most creditors are no longer able to pursue you for collection of their accounts.
  
  

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

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

• 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 your Alberta Bankruptcy Trustee. You may also be required to pay some money to the Alberta Bankruptcy 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 Alberta 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.