Filing Personal Bankruptcy Edmonton | Get Help
When debt becomes unmanageable, Bankruptcy Canada helps Edmonton residents find relief through personal bankruptcy. Filing for bankruptcy in Edmonton provides immediate protection from creditors, stops wage garnishments, and allows most unsecured debts to be discharged within 9 to 21 months.
Our Licensed Insolvency Trustees (LITs) in Edmonton guide you through the process with compassion, ensuring you understand your options and make the best decision for your financial future.
Serving Edmonton Residents with Professional Bankruptcy Support
We proudly serve individuals and families across all areas of Edmonton, including North, South, East, West, Central, and Downtown. Whether you live in Downtown Edmonton, Old Strathcona, Whyte Avenue, or Oliver, or in family neighbourhoods like Terwillegar, Windermere, Summerside, Mill Woods, Bonnie Doon, Highlands, Beverly, Clareview, or Castle Downs, our trustees are here to help.
We also work with clients in surrounding communities such as St. Albert, Sherwood Park, Leduc, Spruce Grove, and Fort Saskatchewan. No matter where you’re located, if overwhelming debt is affecting your life, relief is only a call away.
What Happens When You File Personal Bankruptcy in Edmonton?
Filing for bankruptcy is a legal process governed by the Bankruptcy and Insolvency Act (BIA). Once filed, all collection calls, wage garnishments, and lawsuits stop immediately. Most unsecured debts, such as credit cards, payday loans, and CRA tax balances, can be discharged.
During the process, your assets will be reviewed. Alberta law protects certain essentials like household goods, clothing, a portion of home equity, and a vehicle up to a set value. You’ll also attend two mandatory credit counselling sessions to help you learn new budgeting and money management skills.
For most first-time bankruptcies in Edmonton, discharge occurs within 9 to 21 months, giving you the chance to make a fresh start.
How To File for Bankruptcy in Edmonton
Filing for bankruptcy in Edmonton follows a structured process. It begins with a free consultation, where you meet with a Licensed Insolvency Trustee to review your debts, income, and assets. The trustee will explain whether bankruptcy or another solution—such as a consumer proposal—fits your situation best.
If you proceed, the trustee prepares the paperwork, and once signed, a legal “stay of proceedings” takes effect. This immediately halts collection calls, lawsuits, and wage garnishments. From there, you’ll complete your bankruptcy duties, which include two credit counselling sessions, providing tax information, and submitting monthly reports.
For most people, bankruptcy lasts 9 to 21 months. At discharge, your eligible debts are eliminated, and you can focus on rebuilding your credit.
Alternatives to Personal Bankruptcy
Bankruptcy is not the only path to financial recovery. In many cases, a consumer proposal—which allows you to settle your debt for less than you owe while keeping your assets—may be a better option. Others may benefit from debt consolidation loans that combine multiple payments into one, or credit counselling programs that provide budgeting support and structured repayment plans.
Our Edmonton trustees will carefully explain all these alternatives before you make a decision.
Not sure bankruptcy is the right path? Review all options in our Edmonton Debt Help hub.
Business & Commercial Bankruptcy Edmonton
Business owners in Edmonton may face unique financial challenges. If your company cannot manage its debts, you may need to consider business or commercial bankruptcy. This process deals with issues such as overdue loans, supplier obligations, tax arrears, and lease agreements.
In some cases, a business proposal may allow operations to continue while restructuring debt. In others, winding down the business and filing for bankruptcy may be the most practical solution. Our team can also advise on director liability for tax debts.
We’ll soon publish a dedicated Commercial Bankruptcy Edmonton page, but until then, our trustees are available to guide you through your corporate options.
Why Choose Bankruptcy Canada in Edmonton?
Our Licensed Insolvency Trustees combine local knowledge of Alberta’s laws with decades of professional experience. We treat every client with compassion, respect, and confidentiality. From your first consultation to your discharge, you’ll have step-by-step support.
Beyond filing, we also help you prepare for life after bankruptcy. Through credit counselling and proven strategies, we’ll show you how to manage money effectively and start rebuilding your credit rating.
Frequently Asked Questions About Bankruptcy in Edmonton
Will I lose my house if I file for bankruptcy in Edmonton?
Not necessarily. In Alberta, you are allowed to keep a portion of the equity in your home. If your equity is within the provincial exemption limits, you may be able to keep your house while still receiving debt relief. A trustee will explain how these rules apply to your situation.
How long does bankruptcy stay on my credit report in Alberta?
For a first-time bankruptcy, the note usually remains on your credit report for six years after discharge. For a second bankruptcy, it may stay for up to 14 years. Even while it appears, you can start rebuilding your credit through secured credit cards, consistent bill payments, and responsible budgeting.
Can tax debt to the CRA be included in bankruptcy?
Yes. Bankruptcy can eliminate most personal tax debt owed to the Canada Revenue Agency, including income tax, penalties, and interest. Some exceptions exist, and a trustee will review whether your specific CRA debts qualify.
About Our Sponsoring Licensed Insolvency Trustees: Goth & Company Ltd.
This page is sponsored by Goth & Company Ltd., a federally Licensed Insolvency Trustee (LIT) firm serving Edmonton and Northern Alberta. LITs are the only professionals in Canada legally authorized to file bankruptcies and consumer proposals under the Bankruptcy and Insolvency Act.
Goth & Company’s trustees provide compassionate, judgment-free guidance so Edmonton residents can explore every debt relief option — including consumer proposals, bankruptcies, and credit counselling.
Edmonton Office Locations
Edmonton South
6836 104 Street NW
Edmonton, AB T6H 2L6
Phone: 1-877-554-2055
Edmonton West
Suite 201, 10525 170 Street NW
Edmonton, AB T5P 4W2
Edmonton North
12547 129 Street NW
Edmonton, AB T5L 1H7
Appointments are available at all three offices, with virtual consultations offered for those outside city limits.
Take the First Step Toward Debt Freedom
If your debt has become too overwhelming to manage—even with a consumer proposal—bankruptcy may be the most effective solution. Our Edmonton trustees ensure your case is handled with professionalism and care.
Contact Bankruptcy Canada today to book a free, confidential consultation with one of our Edmonton Licensed Insolvency Trustees.