Bankruptcy in Lethbridge, Alberta
Filing for personal bankruptcy in Lethbridge, Alberta is a legal process under the Bankruptcy and Insolvency Act (BIA). A Licensed Insolvency Trustee administers the process, which typically lasts 9 to 21 months for a first-time filing. Alberta exemptions allow you to keep up to $40,000 in home equity, $5,000 in vehicle value, and $4,000 in household goods. There are 2 Licensed Insolvency Trustees in Lethbridge who can guide you through the process.
Licensed Insolvency Trustees in Lethbridge
All providers listed below are licensed by the Office of the Superintendent of Bankruptcy. Initial consultations are typically free.
Vicky Samuels
Airdrie
View profile →Angela Lock
Calgary
View profile →Braden Burritt
Calgary
View profile →Breanna Burkard-Smith
Calgary
View profile →Breanne Scott
Calgary
View profile →Bryan Krol
Calgary
View profile →Charla Smith
Calgary
View profile →Chelsea Taylor
Calgary
View profile →Christopher Keliher
Calgary
View profile →Craig Fryzuk
Calgary
View profile →Crystal Buhler
Calgary
View profile →Dana Gaspar
Calgary
View profile →David Adams
Calgary
View profile →Derek Church
Calgary
View profile →Duncan MacRae
Calgary
View profile →Dustin Olver
Calgary
View profile →Frank Fabiano
Calgary
View profile →Gary Bentham
Calgary
View profile →Harman Buttar
Calgary
View profile →Harold Narfason
Calgary
View profile →Frequently Asked Questions
How much does bankruptcy cost in Lethbridge?
A first-time bankruptcy in Lethbridge costs a minimum of $1,800 in administration fees. If your income exceeds the surplus income threshold, you'll also make monthly surplus payments.
What assets can I keep in bankruptcy in Alberta?
In Alberta, you can keep up to $40,000 in home equity, $5,000 in vehicle value, and $4,000 in household goods. RRSPs are exempt except for contributions in the last 12 months.
How long does bankruptcy last in Lethbridge?
A first-time bankruptcy with no surplus income lasts 9 months. With surplus income, it extends to 21 months. A second bankruptcy takes 24 to 36 months.
MyClearDebt is not a debt relief provider. We do not provide financial or legal advice. Only Licensed Insolvency Trustees can administer consumer proposals and bankruptcies in Canada. Verify any provider's licence on the OSB register.