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Bankruptcy and Insolvency

We provide you solutions during times of financial distress.

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Overview

When you’re feeling the financial pinch.

Filing for bankruptcy is never an easy decision. Whether it’s for yourself or your business, understanding the process and your rights can be difficult. If you are considering bankruptcy, allow our legal team to counsel you through the entire bankruptcy and insolvency process. We’ll come up with solutions that meet your needs so that you can move forward with your life.

How our bankruptcy & insolvency lawyers can help

Our team at Stringam offers legal advice for trustees, creditors, debtors, and other insolvency professionals. We work hard to ensure you have a clear understanding of the process. And we’ll lay out the options for you as we work to find the best possible solution.

  • Investigate and comb through evidence
  • Come up with an effective strategy for your case
  • Specialized Dealing with witnesses to gather evidence that works in your favour in a variety of corporate areas of practice
  • Bring forth a compelling case in front of the jury or judge during trial
  • Negotiate a plea bargain to reduce or eliminate charges brought against you
  • Offering you realistic advice and insights on your case
  • Continually communicate with you any developments in regards to the case

Our Experience

With decades of experience defending clients, you can rest assured you’re in good hands throughout the entire case. Everyone is entitled to a fair trial in a court of law. Our team at Stringam will fight for you to ensure your rights are protected.

What We Can Help With

Personal Bankruptcy

Personal bankruptcy is a legal option available for individuals who can no longer handle their depts. With the help of the Stringam team, you can take a structured, supported path toward rebuilding your financial future.

Corporate Bankruptcy

When a business is no longer able to meet its financial obligations, corporate bankruptcy provides a way to address the situation in an orderly and responsible manner. We work with business owners to guide them through each step with clarity, respect, and practical support during a difficult transition.

Collections and Debt Recovery

Debt recovery can be stressful for everyone involved. Collections and enforcement processes are used to resolve outstanding debts fairly and within the law. We assist creditors in recovering what is owed while also ensuring debtors are treated fairly and understand their rights and options to resolve their situation.

Bankruptcy and Insolvency Act Proposals

A BIA Proposal is a helpful alternative to bankruptcy available across Western Canada. It allows individuals or businesses to work out an agreement with creditors to repay a portion of their debt over time in a more manageable way. Filed through a Licensed Insolvency Trustee, it offers protection from creditors while giving you the opportunity to regain control of your finances.

Foreclosures

Foreclosure can be a stressful experience for homeowners who have fallen behind on mortgage payments. We help clients understand what’s happening, explore possible alternatives, and support them in making informed decisions.

Companies’ Creditors Arrangement Act (CCAA) Proceedings

CCAA proceedings are designed to help larger businesses in Western Canada that are facing serious financial challenges. This process allows a company to stay in operation while working out a plan to restructure its debts under court protection. The goal is to preserve the business where possible, protect jobs, and create a workable path forward for all stakeholders.

Meet The Bankruptcy and Insolvency Team

Connect with our lawyers specialising in Bankruptcy and Insolvency for personalised legal guidance.

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FAQs

What is a Licensed Insolvency Trustee?

A Licensed Insolvency Trustee is a federally regulated professional who is authorized to administer bankruptcies and proposals in Canada. They guide you through the process, explain your options, and ensure everything is handled fairly and legally.

How does bankruptcy affect my credit?

Bankruptcy will affect your credit rating, but it is temporary. In most cases, it remains on your credit report for a period of years after completion. Many people begin rebuilding credit shortly after their bankruptcy is discharged.

Is bankruptcy my only option?

No. Bankruptcy is only one solution. Many people qualify for alternatives such as a BIA Proposal, debt consolidation, or informal repayment arrangements. Our stringam team can review your situation and help you choose the option that fits best.

What is a BIA Proposal?

A BIA Proposal is a formal agreement with your creditors to repay part of your debt over time. It is often a good alternative to bankruptcy because it allows you to keep your assets while still addressing your debt in a structured, manageable way.

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