Bankruptcy | Local - Calgary, AB | Relief From Debt

Bankruptcy | Local - Calgary, AB | Relief From Debt

Bankruptcy isn’t the end - it’s a new beginning. When your debt becomes unmanageable with little hope of being able to pay it back, bankruptcy may be the answer. 

We at Charla Smith & Company, located in Calgary, Alberta, understand the impact bankruptcy can have on you, and will only recommend it if it’s truly the best option. We prepare the paperwork, deal with the government and the creditors, and help you through the process from start to finish. During that time, we help you plan for and regain a sense of hope about, your financial future.

With our kind approach, we are here to help you make a fresh start.

Reclaim Control of Your Finances

Civilized society decided long ago that when an honest individual's debt becomes so overwhelming they have no realistic hope of repaying it, there needs to be a way to obtain relief from that debt. Bankruptcy provides that relief with a fresh start, allowing you to regain financial control and continue your life without being weighed down by debt. 

Bankruptcy is a legal process, featuring a 'stay of proceedings' that will stop creditors from calling and prevents them from pursuing any legal action. To file bankruptcy in Canada requires you to have lived or done business in Canada over the past year, owe a minimum of $1,000 (though typically debt is much higher), and not have the means to pay it all back.

Charla Smith & Company offers a welcoming, non-judgemental approach to dealing with your debt. We understand that debt happens. We are available to meet with you in Calgary, Alberta, or via a virtual appointment, to answer any questions and help you decide if bankruptcy is the best solution for you, or if there are other options that make more sense.


Debt happens, and we know there are many reasons why people get into financial difficulty. At Charla Smith & Company, our job is not to judge but to help. We will discuss how to solve your debt problems in a way that respects your dignity and acknowledges your unique circumstances.

Our small team of insolvency professionals provide financial advice and can offer consumer proposals and bankruptcy filings where appropriate. 

We’re here to answer questions, guide, and advise you so you can take back control of your financial situation. Complete this contact form or call us at 1-403-899-3890 today for a FREE, no-commitment consultation.

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Your Journey to Future Financial Success

At Charla Smith & Company we know that bankruptcy is a last resort and rarely anyone’s preferred choice. 

We have the knowledge and experience to help you explore any and all alternatives for dealing with your debt and are sensitive to the impacts of bankruptcy. Ultimately, if bankruptcy is the most viable option, we will work with you to make the process as smooth as possible and support you in your journey toward future financial success.

Your Charla Smith & Company Licensed Insolvency Trustee will prepare the documents, deal with the government and creditors, and walk you through the bankruptcy process in accordance with the rules and procedures set out in the Canadian Bankruptcy and Insolvency Act.

We never forget the end goal is not just to complete your bankruptcy, but to emerge with a sense of renewed hope about your financial future.


Debt can feel unmanageable and overwhelming and can affect all aspects of your life. It’s easy to feel like there’s no way out of it.

At Charla Smith & Company, we understand the stress caused by unsustainable debt. As a Licensed Insolvency Trustee, we're here to help with financial advice and we can offer relief from your debt through a consumer proposal or bankruptcy.

Your best interests always come first. We listen without judgement and provide unbiased expert advice. Contact us today at 1-403-899-3890 for a FREE, no-commitment consultation, and let us empower you to move forward and take back control of your finances.


If you're feeling burdened with debt, let us help you make a fresh start. 

We will work with you to determine whether bankruptcy is your most suitable option. If it is, we will assist and oversee the entire bankruptcy process from start to finish.

To learn more about the impacts of filing for bankruptcy and whether there are other options to consider, contact us at 1-403-899-3890‌ for a FREE, no-commitment consultation. We are here, not to judge, but to help lift your burden.


When facing what may feel like insurmountable debt, you need access to professionals you can trust. Charla Smith & Company provides unbiased advice about your options for debt relief, which, depending on your situation, may include formal insolvency options like a consumer proposal or bankruptcy. Learn more about how we can help you get rid of your financial stress.

Bankruptcy | Local - Calgary, AB | Relief From Debt

Bankruptcy isn’t the end - it’s a new beginning. When your debt becomes unmanageable with little hope of being able to pay it back, bankruptcy may be the answer.  We at Charla Smith & Company, located in Calgary, Alberta, understand the impact bankruptcy can have on you

Consumer Proposal | Local - Calgary, AB | Reduce Your Debt

If your debt (not including any mortgages on your home) is under $250,000*, a Consumer Proposal may be the best way to get relief. A Consumer Proposal allows you to consolidate your debts while avoiding filing for bankruptcy or losing your assets. You usually repay only a portion of your d

Financial Advice

A consultation with a Licensed Insolvency Trustee is the foundation of your debt relief plan. It helps us to understand and consider all the factors related to your debt situation so we can assist you with optimal advice and support throughout your journey to debt freedom. During our initi


If you'd like some financial advice but aren't ready to book a meeting or reach out, feel free to check out our blog page, where we post articles and information that can help you do your research or understand the supports available in the Calgary area. For example:


Not likely. Here in Alberta, there are laws that exempt certain assets from seizure by your creditors, and that includes bankruptcy. Depending on your situation, you may not lose any assets at all - many don't. For more information, check out our blog post entitled: What I Wish People Understood About Bankruptcy | Do you lose all of your assets in bankruptcy?

We would be happy to set up a meeting to discuss the extent to which your assets may or may not be exempt in bankruptcy.

Typically the only impact on your spouse occurs if they have co-signed any of your debt. In that case, if you are not able to pay the debt your spouse may become fully responsible for it. Often, people bring their spouse along to our consultation meetings, in which case we are able to discuss their situation as well, and the impact your options might have on them. Contact us to set up a meeting.

Often no one finds out unless you tell them. Most bankruptcies do not have to be advertised in the newspaper and, while any bankruptcy filing goes on the public record, someone would have to search for it (and pay a fee) to find that record.

There are several factors which must be considered to determine which options are feasible for you and to select the best one, including:

  • What assets do you own?
  • Who do you owe money to and how much?
  • What sort of income are you bringing in and how predictable is it?
  • What is your family situation?
  • Your personal goals and priorities

Check out our Consumer Proposal and Bankruptcy pages for information about each of these options and their pros and cons. For more indepth information about these and other options, we've provided a plethora of information on our blog

For a fulsome review of your situation and advice about which option is best for your specific circumstances, contact a Licensed Insolvency Trustee for a free no-committment assessment.

Sometimes it helps to know how much your creditors would get in a bankruptcy, as this can help you figure out what a fair settlement with your creditors looks like. The amount your creditors could expect to receive if you made a bankruptcy filing is very much dependent on your situation.

A Licensed Insolvency Trustee will review your assets, debts, income, and family situation, while considering the applicable provincial laws about exempt assets, in order to determine what impact bankruptcy would have on your creditors. Be careful taking advice from anyone else about bankruptcy – only a Licensed Insolvency Trustee can provide bankruptcy filing services, so they have the training and experience to provide information you can rely on. 

For more details on the features and benefits of Bankruptcy, visit this page or contact us.

If you are an undischarged bankrupt and aren’t sure who your Trustee is, either conduct a records search on the Office of the Superintendent of Bankruptcy's website (you will have to create an account and pay a small fee to do the sarch) or take a look at any documents you've kept from your bankruptcy - the Trustee's name will be provided in the search results and on most documents. However, in the event you can't reach your Trustee (for example where the corporate Trustee no longer exists) you should contact the Office of the Superintendent of Bankruptcy to see if your file has been transferred to another Trustee.

Once you know the name of the Trustee, a quick internet search will usually find them, or you can search for them on the Office of the Superintendent of Bankruptcy's website here.

If it has been quite a while since you've had contact with your Trustee, there's a good chance that even though you haven't been discharged from the process, they have. That would mean they are no longer obligated to assist you with getting your discharge. Regardless, you will want to contact them to see if they can tell you what you need to do to complete your bankruptcy and whether they are willing to be re-appointed. If not, you have other options as outlined in Getting Back On Track: How Not To Stay An Undischarged Bankrupt

Absolutely. A Licensed Insolvency Trustee can talk to you about an array of options, including a Consumer Proposal. There may be some options that are not realistic for you, based on your situation. A Licensed Insolvency Trustee will meet with you and go over the options, helping you figure out which options are realistic for you and which one is the best to deal with your debt. Contact us to book a meeting to find out more.



Let us help you get relief from the burden caused by your debt. As a Licensed Insolvency Trustee, Charla Smith & Company are highly trained and experienced in debt relief solutions, and we take great pride in identifying the option that's the best fit for your unique situation. From advice on talking to your creditors to consumer proposals to bankruptcy and everything in between, we’re here to answer questions, guide and advise you so you can take back control of your financial situation. Serving Southern Alberta.


With our experience and our caring approach, we will help you find the best option for debt relief based on your unique situation - from advice on talking to your creditors to a consumer proposal or bankruptcy, and everything in between. We are here to lift the burden caused by overwhelming debt. 

Contact us today at 1-403-899-3890‌ for a FREE, no-commitment meeting, and let us guide you to regaining your financial footing.

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