Charla Smith & Company Ltd.

Bankruptcy

Bankruptcy

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 understand impact bankruptcycan 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 a 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 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.

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 to 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 procodures 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.

Take Control of Overwhelming Debt

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 your debt solutions in a way that respects your dignity and acknowledges your unique circumstances.

Our small team of insolvency professionals provide financial advice and are licensed to provie consumer proposals and bankruptcy where appropriate. 

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

Let’s Explore Your Options

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 403-899-3890 for a FREE, no-commitment, confidential consultation. We are here, not to judge, but to help lift your burden.

Frequently Asked Questions

Q: If I file for bankruptcy, will I be forced to hand over all of my assets? 

A: 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 a 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 a bankruptcy. 


Q: How will my spouse be affected if I file for bankruptcy? 

A: 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.


Q: Will people find out I have filed for bankruptcy? 

A: 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.

What Clients Are Saying

Featured Articles

Check out our Blog page for articles containing more information, including:

Charla Smith & Company Ltd.

Charla Smith & Company Ltd.

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 Calgary, AB and surrounding areas.

Your Trusted Choice for Debt Relief

Using our experience and our caring approach, we will help you find the best debt relief solution based on your unique needs - from advice on talking to your creditors to bankruptcy, and everything in between. We are here to relieve you from the burden caused by overwhelming debt. 

 Contact us today at 403-899-3890 for a FREE no-commitment consultation, and let us help you regain your financial footing.

Have Questions? Call Today At
TopAboutSolutionsContact
TopAboutSolutionsContact