Bankruptcy

In Edmonton & Northern Alberta

What Is Bankruptcy?

Bankruptcy is a legal process, provided and regulated by the federal government, to help citizens and permanent residents overcome unmanageable debt and have a fresh start. Filing for bankruptcy can only be done by a Licensed Insolvency Trustee and must follow the procedures outlined in the Bankruptcy & Insolvency Act of Canada. Through bankruptcy you can be discharged from your unsecured debts, meaning that your debts are eliminated and can no longer be enforced by your creditors.

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Filing for Bankruptcy in Alberta

See the bankruptcy process broken down into five simple stages.

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Looking for a Bankruptcy Trustee?

Find out why you need a Licensed Insolvency Truste instead.

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The Bankruptcy & Insolvency Act

Everything you need to know about Canada’s insolvency legislation.

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Alberta Bankruptcy Exemptions

Find our what assets are considered exempt from bankruptcy proceedings.

When Should I Consider Filing For Bankruptcy?

The bankruptcy process is designed as a last resort for individuals and families who are in a position where they cannot afford to deal with their debt in any other fashion. Here are the top signs you should be discussing your finances with a bankruptcy trustee:

Avoid answering the phone afraid of harassing creditors
Paying minimum payments on credit cards
Owe CRA back taxes for multiple years
Wages garnished for unpaid bills
Turned down multiple times for extended credit
Use one credit card to pay another
Repeatedly use cash advance or payday loans
Skip payments or are behind on accounts

Are There Any Alternatives to Bankruptcy?

At Goth & Company, we believe it is important for everyone to understand that there are more options than just bankruptcy in Edmonton, and declaring bankruptcy may not be the best solution for your situation. To help ensure everyone is aware of what the options are, we provide a free initial consultation meeting with a Licensed Insolvency Trustee. The Trustee will examine your financial position and outline all the options that exist including:

various debt consolidation loans
debt management plans
the Orderly Payment of Debts program
filing a consumer proposal
declaring bankruptcy

Bankruptcy in Edmonton | Free Phone Consultation

Find out if declaring bankruptcy is right for you!

FREE PROFESSIONAL ADVICE

Goth & Company are here to help. No cost. No obligation.

Client Reviews

See what our clients have to say about their experience with Goth & Company Ltd.

Goth & Company Ltd. LIT

4.7

Based on 348 reviews

Experience, knowledge, assurance, delivery, accomplishment, confidence, great time management are just a few words to describe Goth & Company. I am pleased that I was connected with them. Their efficiency and expertise put me on the path to a sound financial footing. You are safe in their hands. Thanks Goth & Company.

Yvonne C.

13:04 15 May 23

Nice people, friendly and very smooth transaction. They took my stress away in no time and make the situation pleasant. Bankrupting has never been in my vocabulary but due to the “pandemic” I could not see myself moving away from the load of debts. Thanks for having the right attitude in helping me in times of need. It was refreshing! believe me. 5 stars ⭐️ service.

Joseph R.

04:39 07 May 23

Was very knowledgeable. Well explained as what the difference was between debt proposal and bankruptcy. Felt like a big load had been taken off my mind and shoulders. Would recommend this to anyone who is ina place that there income just isn't enough to cover the financial problems a lot of Canadians face. Thank you so much.

Carmen H.

20:18 11 Apr 23

I was very nervous as I had never done a proposal before. Michael Buckler was both patient and kind in discussing each step of my proposal. My mind was put at ease and a huge weight was lifted off of me. I highly recommend Goth & Company Ltd if you find yourself in financial difficulty and need some help.

Teresa M.

14:45 07 Apr 23

I was so pleased with the service I received from Goth & Company. They went above and beyond to help me find the perfect solution for my situation. I was very impressed with the welcoming and service that I have received from their office staff. If anybody finds itself in a stressful debt situation I would highly suggest Goth & Company. It means a lot if u are under a stressful debt situation and there is somebody who is willing to help like Goth & Company.. A big thanks to Heather, Joanne, Mr. Mazerolle and all others that were involved in helping me.

Suvada C.

04:11 05 Apr 23

When a situation in my life was causing severe hardship and I wasn't sure where to turn Goth & Company Ltd. was a saving grace! Barton Goth took the time to explain all of my options and provided clarity and honesty. He never once made me feel pressured to choose their services or made me feel like I was just "another customer" when I had some unusual circumstances his firm took the extra time to find the answers I needed. They made what was a VERY stressful time sensitive matter turn into a very easy and calm situation. I would never recommend using any other firm for these types of situations.

Christie B.

17:56 02 Mar 23

I have a very bad situation regarding my financials. Many years i tried to resolve that situation with no succsess at all. I`ve contacted several companies, individuals for help, but every time I had some reservations to not trust or believe them. I had personal contacts with two face to face but there was no conviction that I can be safe and everything will be OK. Years are passing, I`ve drown deeper and deeper. Praying wasn`t helpful.One day I saw advertise on FB about GOTH&Company. Suddenly lights were up in my had, "Let`s ask them" "Let`s try one more time" I said to myself. I contact them via E-Mail and response was so warm and promising. I continue folowing their instructions and meet first person in person at their site. Somehow I just start to trust. I was so lost in my life. Then I met another person there, then another, then another and I start feeling like I`m home with my family who is here to protect me and give me hope, strength and light to continue my life with hope for good. Now, after I follow their guidance and collect all info about my situation and me personaly, after they listen carefully, process of my freedom started to be reality. I am so confident that they will help anyone who need help this kind as I saw professionalism, honesty, selflessnes and pride what they are doing. Those people are very serious and so strong in their work to help others who are cornered and in agony as I was. I`m not anymore. I`m so calm, clear minded and hopeful, thanks to their work for me. Thank you GOTH&COMPANY for changing my life for good, forever. I wish you the best in your future business and connection with people. Sincerely, Just one of those simple man: Hasan Muratovic. Thank You.

Hasan M.

17:37 02 Mar 23

I called them after talking to other companies that were seemingly out for their own interests. They answered all my questions, were not judgmental, saved me thousands over the adds you see on FB companies. Made me feel like I might actually have hope of a better future. I would highly recommend them to anyone looking for advise on their debt solution options. Life changing.

amanda G.

15:46 02 Mar 23

I have nothing but good things to say about Goth & Company. Since the choice to trust our financial situation with Goth has begun, i have been relieved of unmentionable amount of stress. Trying to repay debts without any way to accomplish that task is a form of insanity. Such a relief to discover and relax with Goth's help.

Jewal B.

22:45 06 Feb 23

My experience with Goth & Company has been beyond amazing. I, thankfully, sought out a second opinion after initially seeing a trustee from another firm. I'm so grateful to have been led to Goth & Company, specifically Heather, Financial Administrator. I exited a very traumatic situation that led to my finances being damaged and I assure you I've been treated with the utmost professionalism, but also respect & compassion. I would have made a terrible mistake by signing with the initial trustee I saw at the other firm. Heather ensured to fully explore, explain and educate me about all of the options available and together we determined the best route to take. I feel I am on my journey of recovery as a whole but Goth & Company's entire team and efforts have made taking steps to clean up the financial piece a very positive experience. I give the entire team a 10. I feel incredibly grateful for the support, education, and implementation of my plan to move forward with my financial reparation process.Thank you so much, everyone, from Goth...especially Heather...Leah Lunger

Leah L.

16:11 06 Feb 23

I used Goth & Company previously & I found Mr. Goth to be highly knowledgeable, kind, caring, & friendly. He answered all of my questions that I had quickly. I wouldn't hesitate to use Goth & Company again in the future & give them high praise for the wonderful job that they do, during a stressful time that it can be.

Tom P.

17:06 03 Nov 22

I became a trustee for a family member and required insolvency consultation. Goth & Company was excellent at helping me navigate the debt load and was very professional in providing suggestion to move forward. I highly recommend this company for all insolvency issues whether it be for yourself, family member or friend!

Jackie R.

15:35 02 Nov 22

Jim and Bart of Goth and Company are the best! Professional, educated and compassionate in all their dealings. I have met them a number of times professionally and have the utmost respect for them and the work they do. I would never hesitate in recommending them to anyone looking for help with their debts.

Gerri N.

20:04 16 May 14

As a fellow Trustee, I can attest that Goth and Company is widely viewed as a leading firm in the personal insolvency market. I have known Barton Goth for several years and have collaborated with him on numerous matters. Barton has personally worked with me in helping individuals to complete their debt restructuring proceedings and successfully achieve a fresh start.

Blair M.

22:52 06 May 14

From time to time our firm needs to refer individuals to a Trustee in Bankruptcy in the Edmonton area and Goth & Company has been an excellent choice. A friendly voice answering the phone, combined with knowledgeable staff making themselves available to answer questions and schedule appointments leads to a great experience. We have always found their technical knowledge to be excellent and the feedback received from previous referrals is always positive. Thanks for your help Goth & Company.

Scott M.

16:46 05 May 14

I have been dealing with Barton Goth for over some time now and know him and his staff to be professional and experienced with insolvency issues. Their personal approach and commitment to providing one on one service is a credit to the Trustee community. Be it either a consumer proposal or a personal bankruptcy, I have no hesitation in recommending Baron and his team.

YRUInDebt

00:55 11 Apr 14

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Will This Clear My Credit Report?

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Frequently Asked Questions

Below are commonly asked questions about bankruptcy in Edmonton and in Alberta.

Who is Eligible to File for Bankruptcy in Edmonton/Alberta?

In Edmonton and Alberta, to be eligible to file for bankruptcy, you must:

Owe at least $1,000; and
Not be able to make your regular payments as they become due; or
Not be able to pay all of your debts if all your non-exempt property was sold.

How Much Does it Cost to File for Bankruptcy in Edmonton/Alberta?

There is a cost to file a bankruptcy that is regulated by the Office of the Superintendent of Bankruptcy. The cost is dependent on the following factors: Income, Family Size, and Assets you own.

For more information on the cost, you are best to contact Goth & Company Inc. directly and we can explain how the cost is determined in much greater detail.

Does the Filing of Bankruptcy Clear Me From All of My Debts?

While filing for bankruptcy will clear you from most of your debts, are a few exceptions. These exceptions include:

Secured creditors (eg. mortgage or car loan)
Court fines and penalties (including traffic violations)
Debts obtained by fraud or misrepresentation
Civil lawsuits involving intentional bodily harm, sexual assault or wrongful death
Student loans, if you have taken any classes in the 7 years prior to filing

Can My Creditors Continue to Harass me After I File for Bankruptcy?

No, upon the filing of a bankruptcy there is an automatic stay of proceedings. This is a legal procedure that revokes any of your unsecured creditors’ collection rights. If they call you, don’t panic. Just explain that a bankruptcy has been filed, and give them our name and phone number.