There were countless insolvencies filed with the Office of the Superintendent of Bankruptcy in total in 2018. You should be aware that you are not by yourself in this. Consult an insolvency trustee and file for bankruptcy if you cannot pay off your obligations and suffer from constant harassment from creditors that are harming your mental and physical health.
Understand your financial circumstances, overall health, and capacity for recovery first. For instance, you should file for bankruptcy if you are unable to pay your credit card bills on time, you are unable to make one or more payments each month, and you are receiving letters threatening legal action. However, you can get advice from the trustee if you need further clarification. Want to know how to claim bankruptcy in Alberta? Visit us right away!