or call (403) 648-9152
Lines open 8am - 8pm MT
Canadian FlagCredit Counsellors. Licensed
as Debt Repayment in AB.
... giving Canadians Impartial Debt Advice to become Totally Debt Free
Get a Free Debt Consultation
Simply fill out the no obligation form.
SSL Encrypted Certificate  This form
is securely encrypted.
Open New Window.
 First Name 
 Last Name 
 Unsecured Debt 
 Number of Lenders
 Province 
Phone Number 
 ( ) -  
 Alternative Phone Number 
 () -  
 Best Time to Call 
 Email
You are requesting to be contacted by a Licensed Debt Repayment Agent for a free, no obligation debt advice consultation. No credit checks will be made.


Click to verify BBB accreditation and to see a BBB report.

HomeAbout UsBankruptcyConsumer ProposalDebt PoolingDebt SettlementCase Studies
Government Licensed Debt Repayment Agency in the Province of AB.
Offering a full range of debt solutions to residents of the Calgary area.
Call Today for Free, No Obligation Advice. 1-800-961-7816 or (403) 648-9152.
Debts than Can / Can't be Included

The exact debts that can and can't be included in Bankruptcy vary from province to province.

What is Bankruptcy
Pros & Cons of Bankruptcy
Debts than Can / Can't be Included
What Debts are Covered Under Bankruptcy?
Bankruptcy will free you from most unsecured debts, which include:
  • Credit card balances
  • Department store accounts
  • Unsecured lines of credit
  • Back payment of income taxes and municipal house taxes
  • Unsecured personal loans
  • Medical, utility, and insurance bills
  • Cell phone payments
  • Payday loans

What Debts are not Covered Under Bankruptcy?
Bankruptcy will free you of most, but not all, debts. Secured debts which are tied to a specific asset as collateral (i.e. car loan, mortgage) are not covered under bankruptcy. The law also sets out several unsecured debts that are not covered bankruptcy:
  • Student Loans less than 10 years old
  • Awards for assault or sexual assault damages
  • Alimony claims
  • Spousal Support
  • Child Support
  • Court Fines
  • Debts resulting from committing fraud or theft

Will You Lose all Your Assets in a Bankruptcy?
No, you will not lose all of your assets. There are exemptions in place that allow you to keep basic property that you will need for your new beginning. Exemptions range from province to province, and can include such assets as your car, furniture, books and tools-of-trade, and clothing.

For example, a partial list of exempted assets in Alberta includes:
  • Food for a 12-month period.
  • Clothing up to a value of $4,000
  • Household furniture and appliances up to a value of $4,000
  • Motor vehicle to a value of not more than $5,000
  • Equity in a principal residence up to $40,000


Please note: We are not Bankruptcy Trustees. If after your assessment, Bankruptcy or Consumer Proposal is a chosen option, this will be administered by a Licensed Bankruptcy Trustee, not by Debtors Advocates (7100621 Canada Inc).

* Debtor's Advocates (7100621 Canada Inc) is a Government Licensed Debt Repayment Agency in the Province of AB. Debtors Advocates does not operate or maintain a licence as Canada Debt Advice. Rather, Canada Debt Advice is a presentation and representation of services offered and rendered. Debtors Advocates does not assume or pay any debt, nor does it provide legal advice or offer credit repair. If you need legal advice, you must consult with a licensed attorney. Individual results are highly dependant on successful completion of program and your ability to save funds. Results will vary based on individual circumstances.
Privacy Statement Terms & Conditions Office Locations