Bankruptcy Trustee in Red Deer, Alberta(2022). Getting help with filing bankruptcy and achieving debt relief in Central Alberta.
If you are facing financial troubles or considering declaring bankruptcy in Red Deer, things might seem confusing and intimidating. Bankruptcy can be overwhelming. You may be worried about losing your home or vehicle, frustrated that you haven’t been able to pay off your obligations as you expected, or even feeling embarrassed about your financial circumstances.
Whatever the case may be, you do not have to go through these challenging times alone. The Blanchard & Company Bankruptcy Trustee in Red Deer is here to help you navigate your path to financial freedom with respect, courtesy, and a positive outlook.
Making important financial decisions can be stressful; you first need to consider how your decision will impact your assets, your family, and your quality of life. Everyone’s circumstances are unique, so there is not one debt relief solution that fits all. The Licensed Insolvency Trustee, formerly known as a Bankruptcy Trustee, in Red Deer at Blanchard & Company Ltd. can help you discover the debt solutions available to you so you can start to chart your path back to a financially sound future.
Here at Blanchard & Company Ltd., we understand that bankruptcy can happen to anyone and we don’t believe you should be punished for circumstances beyond your control. We believe in financial rehabilitation without stress and judgement. Our Licensed Insolvency Trustee will take an in-depth look into your finances and help you determine if bankruptcy is the best solution for your specific situation, as well as clear up some common bankruptcy misconceptions.
For instance, you may have heard that you will lose your house and your car if you declare bankruptcy. That has not been the case for many of our clients. With our help, most of the individuals we have assisted in navigating a bankruptcy were able to keep all of their assets by reorganizing their debts and even dismissing some of them altogether.
Depending on your personal financial circumstances, bankruptcy may not be the right option for you. If this is the case, our Licensed Insolvency Trustee will help you investigate the other debt relief solutions available to you right here in Red Deer, including consumer proposals, debt consolidation, and credit counselling.
Whether you have questions about bankruptcy or are simply feeling overwhelmed by debt and want to discover the options available to you, Blanchard & Company Ltd. is here to help. We offer convenient FREE consultations so you can feel confident making decisions about your finances.
Not only will you receive personalized and professional service, but you will also leave feeling confident that your information remains confidential. Our Licensed Insolvency Trustee actually lives and works right here in the Red Deer, Alberta area. Your data is never sent out of the city for review, and you can receive on-the-spot advice from qualified and licensed professionals.
Take back control of your assets and your future. Get started on the road to financial freedom by contacting us today and scheduling your free consultation. Or give us a call at (403) 348-5880 – our friendly staff are looking forward to your call!
Bankruptcy Trustee in Red Deer - FAQ
What is the downside to declaring bankruptcy?
Declaring bankruptcy signals to your creditors that you can no longer pay your debts. While it can help eliminate the debt you currently owe, it also severely negatively impacts your credit score. This shows any potential lender that you have had trouble repaying your debts in the past and can lead to a higher rejection rate or higher interest rates.
What will I lose if I declare bankruptcy?
You will be required to liquidate most of your assets to repay your creditors in order to be discharged from bankruptcy, but some of your assets are exempt. You get to keep the basic necessities you need to live comfortably and any items you need in order to adequately perform your job. If you fall behind on car or mortgage payments, your house or car may be repossessed, but they will not be taken in your bankruptcy.
Will all my debts be eliminated if I declare bankruptcy?
A stay of proceedings is issued when you declare bankruptcy, meaning that it stops most collection efforts, including phone calls, wage garnishments, and lawsuits. It also eliminates many types of debts, such as credit cards, personal loans, and overdue bills.
What debts won’t be erased in bankruptcy?
- Alimony and child support
- Student loan debt less than 7 years old
- Reaffirmed debts
- Tickets and fines issued by the court
- Any debt arising from fraud
Is it better to file for bankruptcy or debt relief?
Declaring bankruptcy can free you from your obligations to repay your debts but the negative effects can remain for years to come. Settling your debt though consolidation and other forms of debt relief can sometimes take more time but are able to be negotiated to cause less damage to your credit.
Book your appointment today
Feel confident that you are taking the right steps towards a debt-free future by contacting us today for a FREE consultation.
