Licensed Insolvency Trustee in Calgary
Personal and Business Debt Relief Solutions
Get Debt Help From an Insolvency Trustee in Calgary
Based in downtown Calgary, Crowe MacKay provides professional insolvency services to help individuals and businesses become debt-free. Whether you’re dealing with personal debt or business financial challenges, our team offers bespoke solutions to get you back on your feet.
Our bankruptcy trustees in Calgary take a supportive, solutions-focused approach, helping you understand your debt relief options. From your first consultation to final resolution, we guide you through a clear, confidential, and judgment-free process.
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What Does an Insolvency Trustee in Calgary Do?
A Licensed Insolvency Trustee (LIT) is the only professional in Canada legally authorized to administer formal insolvency proceedings, including bankruptcy and proposals. Working with an insolvency trustee in Calgary gives you access to expert advice and regulated solutions designed to resolve your debt.
A trustee will:
- Assess your financial position – Review your debts, assets, income, and expenses to understand your entire situation.
- Outline your available options – Including bankruptcy, consumer proposals, or other restructuring solutions.
- Recommend a tailored approach – Focused on reducing financial pressure and achieving long-term stability.
- Handle creditor communication – Stop collection calls and legal actions once formal proceedings begin.
- Manage the process from start to finish – Ensures all legal requirements are met.
- Support your financial recovery – Guides you to rebuild your credit and avoid future challenges.
Corporate Services
Personal Services
Why Choose Us?
Why Work With Crowe MacKay in Calgary?
Experienced Insolvency Professionals
Our team of LIT’s has decades of experience helping clients become debt-free in Calgary.
Serving Calgary and Surrounding Areas
Our Calgary office works across the Calgary Metropolitan Region and nearby communities, including:
- Calgary
- Airdrie
- Okotoks
- Cochrane
- Chestermere
- High River
- Strathmore
- Canmore
- Balzac
- Redwood Meadows
- Banff
- All other surrounding areas of Calgary.
FAQ's
What Debt Solutions Are Available in Calgary?
Individuals and businesses can explore options such as bankruptcy, consumer proposals, and restructuring solutions. The right option depends on your financial situation, goals, and ability to repay.
When Should I Speak With an Insolvency Trustee in Calgary?
If you’re falling behind on payments, facing creditor pressure, or relying on credit to manage expenses, it may be time to seek professional advice before it worsens.
How Does Filing for Bankruptcy in Calgary Work?
Filing for bankruptcy involves working with an Insolvency Trustee who manages the legal process. Once filed, most creditor actions stop, and you complete the required duties before receiving a discharge.
Can I Avoid Bankruptcy in Calgary?
Yes, alternatives such as consumer proposals allow you to settle debt for less than you owe while avoiding bankruptcy. These solutions can protect you from creditors while maintaining greater control over your finances.
Will I Lose My Assets if I File for Bankruptcy?
Not always. Alberta exemptions allow you to keep certain essential assets. Your trustee will explain what applies based on your situation before you proceed.
How Long Does It Take to Resolve Debt Through Insolvency?
The timeline depends on the solution chosen. Common timelines include:
- Bankruptcy: Typically 9–21 months for a first-time filing, depending on income and responsibilities
- Consumer Proposal: Up to 5 years, based on your agreed repayment plan
- Complex cases: May take longer if additional assets or obligations are involved
Does Insolvency Affect My Credit Rating?
Yes, but it also provides a structured path to eliminate debt and begin rebuilding your credit. Many individuals improve their financial position after completing the process.
Can Businesses File for Insolvency in Calgary?
Yes. Business owners can explore restructuring options or corporate bankruptcy depending on their financial situation.
Is the Initial Consultation Free?
Yes. Most consultations are free and confidential, allowing you to understand your options with no obligation.
Speak with a Licensed Insolvency Trustee in Calgary
If you’d like to connect with one of our LIT's in Calgary, call (403) 294 9292, email [email protected], or fill in the form below.
Book a Free Consultation
Our licensed experts are here to answer all your questions about bankruptcy and consumer proposals. Whether you're an individual or a business, we’ll help you understand your options and guide you through every step of the process with care and confidence.