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Saskatchewan Bankruptcy Information; SK Bankruptcy Trustees.

We have Saskatchewan Bankruptcy Trustees serving the following areas:

Regina, Estevan, Humboldt, Lloydminster, Meadow Lake, Melfort, Melville, Moose Jaw, Nipawin, North Battleford, Prince Albert, Saskatoon, Swift Current, Weyburn, and Yorkton, SK.

Got Debt? Need Help?

Our Saskatchewan Bankruptcy Trustees Can Help!

Call us at one of our offices

For a FREE CONSULTATION.

The cost of a Saskatchewan bankruptcy is set by the Government.
Our trustees have payment terms available.


Our Trustees specialize in debt relief solutions for your personal financial problems. We have offices in Regina, Moose Jaw, Prince Albert, Saskatoon, Swift Current and Yorkton, SK. This website's purpose is to provide information that will help people in Regina, Moose Jaw, Prince Albert, Saskatoon, Swift Curren and Yorkton and other areas of SK get a fresh financial start, and to provide resources to assist in building a secure financial future!

Our Saskatchewan Bankruptcy Trustees are available to assist you in identifying your options and forming a plan to get you a fresh financial start. In many cases there are options other than bankruptcy, including:

    • proposals,

    • credit counselling, and

    • third party settlements with creditors.

     

 

Our SK Bankruptcy Trustees are knowledgeable, helpful and friendly. We'll start by scheduling a meeting with you to discuss the solutions best suited to your situation. This meeting is free, and it's confidential.

 

We'll help you make the right decision
so you can get a fresh start!

The cost of a SK bankruptcy is set by the Government.  Our Trustees have payment terms available.

 

If a Saskatchewan bankruptcy or a Saskatchewan proposal is your best option for getting a fresh financial start you are allowed to keep the following assets:

SK Flag

For Non-Farmers:

    • Household furniture and personal effects to a value of $4,500 per person;

    • Tools of the trade to a value of $4,500;

    • A motor vehicle, if required in the conduct of an individuals business, occupation or profession;

    • Equity in personal residence to a value of $32,000 ($64,000 if jointly owned) to a maximum of $128,000 if held by four parties;

    • Certain life insurance policies;

    • RRSPs, RRIFs and DPSPs are exempt from seizure.


For Farmers:

  • Furniture, furnishings and appliances to a value of $10,000;

  • The cash equivalent of produce sufficient to provide food and fuel for heating until the next harvest;

  • All livestock, farm machinery and equipment, including one car or truck, necessary for the next twelve months operations;

  • One motor vehicle, if required for business or profession, but not in addition to the one above;

  • Tools and equipment to a value of $4,500 used by a farmer in his trade or profession;

  • Equity in personal residence to a value of $32,000 ($64,000 if jointly owned) to a maximum of $128,000 if held by four parties;

  • Seed grain equal to two bushels per acre of land under cultivation;

  • RRSPs, RRIFs and DPSPs are exempt from seizure;

  • certain life insurance policies.

  • Cash equivalent of crop equal to:

    • unpaid harvesting costs;

    • living expenses to next harvest;

    • necessary costs of farming until next harvest.

 

Filing a Saskatchewan bankruptcy or a Saskatchewan proposal will stop actions by creditors such as:

  • Collection Calls;

  • CRA, income tax collections;

  • Garnishee of your pay;

  • Creditors seizing your assets.

 

 

 

Please note that this is general information and does not replace the specific details that need to be discussed in a meeting with one of our Saskatchewan bankruptcy trustees. Some other issues may include being judgement proof, co-signers, the effect on your spouse, separation between spouses, surplus income guidelines, stay of proceedings and how it works in your situation, and income tax consequences.

Most of the people who file a Saskatchewan bankruptcy or a Saskatchewan proposal are good, honest, hard-working people who file as a last resort after months or years struggling to pay the bills left over from some catastrophic event or set of circumstances. It can be because of a divorce, the loss of a job, a failed business venture, a serious illness, or some family emergency, or because the person honestly and mistakenly fell into debt at a young age before they knew better, and before they knew anything about budgeting or how to manage money.

Saskatchewan's bankruptcy laws are designed to permit an honest but unfortunate debtor to obtain a discharge from his or her debts while treating creditors equally and fairly.

In 2009 more than 115,000 individuals in Canada filed for personal bankruptcy or filed a bankruptcy proposal.

When you are ready for a FREE, confidential consultation
please call one of our offices
to set up a meeting.

 

 

 

 

 

 

 

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