Business Bankruptcy Help at A.C. Waring & Associates in Edmonton

Debt Relief for Your Business

A bankruptcy for a small sole-proprietor or partnership business in Canada is essentially the same as a personal bankruptcy, because the people and their assets are the business—there is no separate corporate entity. Just as with a personal bankruptcy, if your business is having trouble paying its debts, a restructuring based on bankruptcy may be your best option.

Bankruptcy Trustees in Edmonton Can Help

Your first step is to meet with a bankruptcy trustee, who is the professional who will stand between the debtor and the creditors. Unfortunately, there is no separation between the bankruptcy of a small sole proprietorship or partnership business in Canada, so your personal assets will not be separated from the business assets during bankruptcy. That’s why it’s important to review your options as quickly as possible, before the situation gets worse.

Moving Forward with Business Bankruptcy

As in personal bankruptcy, you and your trustee will make a plan to to pay as much debt as you can based on your personal circumstances. Bankruptcy restructuring will allow you to keep certain vital assets and essential services. Give A.C. Waring & Associates a call today to get started on a plan toward debt consolidation and financial freedom.

A.C. Waring & Associates

First Edmonton Place, 410-10665 Jasper Ave NW, Edmonton, AB, T5J 3S9|
Main: 780-424-9944 | After Hours: 780-423-3328 | Toll Free: 800-463-3328
 
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A.C. Waring & Associates is your trusted Edmonton-based regional bankruptcy trustee and debt solutions company. We specialize in debt solutions for personal or business matters, including debt and credit counselling, debt consolidation, consumer proposals, bankruptcy proceedings and other debt help solutions. If you are overwhelmed by debt and need solutions, A.C. Waring & Associates will help you find the path to a debt-free life. We proudly offer services to Northern Alberta communities as far as Grande Prairie, Fort McMurray and the surrounding areas. Contact us today for a free consultation at 780-424-9944 or toll-free at 1-800-463-3328.