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Category: Business Bankruptcy

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What Happens When You File Bankruptcy on Your Business

Employee and manager talking about potential bankruptcy on business

Running your own business can be one of the most rewarding and self-actualizing decisions you can make, but it comes with many responsibilities. And with these responsibilities come expenses, and with expenses often comes debt. For new Alberta business owners, the future looked bright as there was a 27.9% drop in business bankruptcies in 2021 […]

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Protected Assets & Bankruptcy: What You Need to Know

What Are Bankruptcy Exemptions? There is an understanding that despite filing for bankruptcy, you will still need certain belongings in order to work, maintain dignity, and rebuild your financial standing. These assets are protected during bankruptcy as bankruptcy exemptions.Ā  Bankruptcy exemptions are assets that will not be seized by your Licensed Insolvency Trustee during the […]

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