Debt FreeĀ®

The Debt Solutions PeopleĀ®

FAQs: Business Bankruptcy

Call Us Today

Personal Bankruptcy Protection in Edmonton & Central/Northern Alberta

Bankruptcy protection may seem scary and embarrassing to those facing deep financial pressures to repay unresolved debts. At A.C. Waring & Associates, we can help you unravel your situation, examine alternatives, point out available options and advise you of your possible solutions. 

Should bankruptcy protection be the best solution for you, here are some frequently asked questions and answers.

How Can I Survive This Financial Crisis?

Market conditions can easily cause the demise of a business without any fault of the owner. You do not have to wait until a secured creditor initiates receivership. Secured creditors can appoint a receiver to liquidate the assets of the business to pay off the bank loan.

Discuss your issues with us, and we can talk to you about options open (Commercial Proposal, repayment planning, consolidation, bankruptcy) to officially deal with the pressure of mounting debt. You do not have to wait until a secured creditor initiates receivership.

Secured creditors can appoint a receiver to liquidate the assets of the business to pay off the bank loan.

These are some indicators to seek professional restructuring advice and debt resolution as soon as possible:

  • Your business is having problems meeting payroll demands or operational costs
  • Your sales or income is diminished over time
  • A bank loan demand is made
  • Further loans are denied

Call us. Talk to us. We can help you now at 780-424-9944 or 1-800-463-3328.

Where To Find Us

Find us in the First Edmonton Place building on the corner of Jasper Avenue and 107th Street, behind the Corona LRT Station. Street meter parking is available along Jasper Avenue as well as 106th and 107th Streets, and paid surface parking is off of 106th Street, and underground parking for First Edmonton Place is off of 107th Street.

A.C. Waring &
Associates Inc.

  • First Edmonton Place
    410-10655 Jasper Ave NW
  • Edmonton, AB T5J 3S9

Contact
Information

Our Testimonials

Blog

How Long After Bankruptcy Can I Get a Mortgage

BankruptcyMortgages

Many people are under the impression that bankruptcy ruins their future chances of getting a mortgage. While bankruptcy can certainly set plans back and requires that you work with a Licensed Insolvency Trustee (LIT), it can also provide a viable solution to your current debt problem. After you are discharged from bankruptcy, you may be […]

Read More…

April 24, 2023
Arthur Waring

What Is the Role of a Licensed Insolvency Trustee in Bankruptcy?

BankruptcyLicensed Insolvency Trustee

Filing for bankruptcy is a serious decision that can affect your financial future. Wiping out your approved debts and beginning again with a blank slate may be the key to starting over with your credit. Bankruptcy is not a decision you should make on your own. Licensed insolvency trustees are invaluable resources to help you […]

Read More…

February 21, 2023
Arthur Waring

Can Debt Consolidation Help With Student Loans?

DebtDebt ManagementFinancial advice

Graduating from post-secondary school is an exciting accomplishment, but when you come out of school with student loan debt, you have to face loan repayment.   If you receive loans from multiple sources, such as the federal and provincial governments, or private loans and lines of credit from banks, you will have several payments to keep […]

Read More…

February 17, 2023
Arthur Waring
A man sadly looking at a piggy bank and a few coins

Many people are under the impression that bankruptcy ruins their future chances of getting a mortgage. While bankruptcy can certainly set plans back and requires that you work with a Licensed Insolvency Trustee (LIT), it can also provide a viable solution to your current debt problem. After you are discharged from bankruptcy, you may be […]

Read More…

A Licensed Insolvency Trustee in his office a female client is consulting about bankruptcy

Filing for bankruptcy is a serious decision that can affect your financial future. Wiping out your approved debts and beginning again with a blank slate may be the key to starting over with your credit. Bankruptcy is not a decision you should make on your own. Licensed insolvency trustees are invaluable resources to help you […]

Read More…

a graduation cap sitting on a calculator

Graduating from post-secondary school is an exciting accomplishment, but when you come out of school with student loan debt, you have to face loan repayment.   If you receive loans from multiple sources, such as the federal and provincial governments, or private loans and lines of credit from banks, you will have several payments to keep […]

Read More…

Professional Affiliations

instagram facebook facebook2 pinterest twitter google-plus google linkedin2 yelp youtube phone location calendar share2 link star-full star star-half chevron-right chevron-left chevron-down chevron-up envelope fax