COVID-19 Update: During the pandemic all meetings can be done virtually from the comfort of your own home.

Book an Appointment

Is it time for us to meet?

If you’re thinking about booking an appointment, then you’ve already taken the first step by deciding you need help or advice with your personal or corporate debt. That’s often the most difficult step. We understand and we’re here to help.

The sooner we meet, the greater the likelihood of a positive outcome. Call our toll free number, call the number of the office closest to you, or send us an email by filling in the form below.

We’re looking forward to taking the stress off your shoulders and helping you live life again.

1.877.944.1177








    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    Our Process

    You’ve made the difficult decision to explore personal or corporate debt restructuring and now you’re wondering, “What happens next?”

    First, let us say congratulations. It isn’t always easy deciding that you need assistance, but it’s more common than you know and the earlier you start, the better the chance for a positive outcome.

    Next, understand that we want to make the entire process as easy and positive as possible. We will never judge or pressure you; we are only here to help.

    Our process begins with information gathering. We have a responsibility to collect as many details about your financial situation as possible so we know exactly what we’re dealing with.

    After we have collected the information, our team, including a Licensed Insolvency Trustee, will determine the most advantageous option and present it to you, carefully explaining all of the pros and cons.

    After that, you are certainly welcome to take the information home and think about it to see if you have any further questions.

    When you make the decision to proceed, our experts do the heavy lifting and work with you, side by side, until the project is completed.

    Our process ends when your brighter days begin.

    Judgement

    It’s Not Too Late to Negotiate with Your Creditors

    If a creditor sues you to recover $25,000 or less, your case will be conducted in the Civil Division of the Provincial Court. You will be notified that a civil claim has been filed either in person or by registered mail, telling you also who is suing you, the reasons for taking legal action (usually that you have not communicated or cooperated with them) and the amount of the claim.

    If you do not choose to answer the claim, a judgment will we filed against you and you won’t get the chance to explain or defend yourself. Some alternatives to consider include:

    Disputing the claim

    Look for the Dispute Note usually included with the claim or request one from the courts. You have 20 days from the receipt of the claim to file your dispute. When you file a dispute, the court will set a date for possible mediation or trial. Negotiate with the creditor and see if you can negotiate a payment arrangement. Go to court and pay the amount you owe, plus any additional costs. Make sure, as with all payments, that you get a receipt for your payment.

    If you are being sued for more than $25,000, the case will take place in the Court of Queen’s Bench. You will receive a Statement of Claim, formally stating that an action has been taken against you. You must respond to the Statement of Claim within 15 days, either with a statement in your defence or a demand of notice. It is best, in such cases, to hire formal legal representation.

    What Is a Judgment?

    A judgment is the court’s decision on your creditor’s claim. If the court decides against you, the judgment explains the details of the claims and:

    • It will go on your credit file and remain there for 7 years, even if you pay, making it difficult for you to get any further credit, house loan, etc.
    • It will entitle your creditors to register a writ of enforcement by which they may seize your property or garnish your wages or bank accounts.

    How Is a Judgment Enforced?

    Judgments are enforced through a writ of enforcement which must be filed with the Court of Queen’s Bench and registered with the Personal Property Registry. If you own a house or land, the writ of enforcement can be filed at the Land Titles Office, making it difficult to sell or refinance your property.

    A judgment can be enforced for 10 years and then renewed until the debt is paid. Interest on unpaid debts accrues from the date of judgment. If you move out of Alberta to another province, creditors can apply to transfer the judgment to your new location to collect on your debt.

    What Should You Do After a Judgment Is Paid?

    When you have paid the judgment in full, you should make sure that the judgment is formally discharged at the Court of Queen’s Bench and at the Personal Property Registry. Make sure you also notify the credit bureau that you have paid your debt and that they note it in your credit record. Judgments will stay on your record for a period of 6 years after you make your payment, making it difficult for you to obtain credit during that time.

    I wish to thank you for your understanding through my ordeal. For the compassion and thoughtfulness of what I was going through.

    Sonia B.

    Our Process

    You’ve made the difficult decision to explore personal or corporate debt restructuring and now you’re wondering, “What happens next?”

    First, let us say congratulations. It isn’t always easy deciding that you need assistance, but it’s more common than you know and the earlier you start, the better the chance for a positive outcome.

    Next, understand that we want to make the entire process as easy and positive as possible. We will never judge or pressure you; we are only here to help.

    Our process begins with information gathering. We have a responsibility to collect as many details about your financial situation as possible so we know exactly what we’re dealing with.

    After we have collected the information, our team, including a Licensed Insolvency Trustee, will determine the most advantageous option and present it to you, carefully explaining all of the pros and cons.

    After that, you are certainly welcome to take the information home and think about it to see if you have any further questions.

    When you make the decision to proceed, our experts do the heavy lifting and work with you, side by side, until the project is completed.

    Our process ends when your brighter days begin.

    Book an Appointment

    Is it time for us to meet?

    If you’re thinking about booking an appointment, then you’ve already taken the first step by deciding you need help or advice with your personal or corporate debt. That’s often the most difficult step. We understand and we’re here to help.

    The sooner we meet, the greater the likelihood of a positive outcome. Call our toll free number, call the number of the office closest to you, or send us an email by filling in the form below.

    We’re looking forward to taking the stress off your shoulders and helping you live life again.

    1.877.944.1177








      This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.