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 391 reviews

In 2006, I had the opportunity to use Goth & Company. I dealt with Mr. Goth, & his Son. Both of them were so kind, so friendly, & so pleasant to deal with during such a stressful period. They answered all of my questions that I had about filing for my first personal bankruptcy to the best of their ability. Now in 2023 I've had to use their services again. Still Barton is as kind & as friendly as he was seventeen years ago. All the staff that I've meet & that I've deal with have been so friendly & so knowledgeable to deal with. The best thing that anyone can do for themselves is to see Goth & Company as soon as possible to take all the pressure & the frustration off from trying to deal with their debt themselves. I'm so glad that I made the right decision for myself to have used Goth & Company, & I wouldn't hesitate not to use them again if I had to!

Tom P.

14:08 04 Sep 23

Found Goth & Company on the Industry Canada list of Licenced Insolvency Attorneys. Very informative and attentive from the first phone call. A big shout out to LM who handles cases before filing. She responded to e-mails in real time!!! That was new.They are very clear about their role. They are experienced and it shows in their feedback.Please take the budgeting classes that they offer. I know they are mandatory and yet the staff truly take them seriously. There was no judgement on Paula's part. She guided me and for once I felt less guilt and on the cusp of being in control. I keep receipts, I have opened a HISA account. I am slowly putting away my nest egg.I would highly recommend them to anyone in Canada. Honest, transparent and hardworking is how I would describe Goth and Company.My CP was approved this week, on original terms to boot!!!💃🏾

nnm B.

03:54 19 Aug 23

I have found Goth & company Ltd. with some research online. Try to find people who you need to trust and depend on is very hard decision. It s been 2 months and I m very happy with my decision. People works at goth & company are very professional and caring people. If you ask a question or need some information they get back to you very quickly. They can even do everything online without going to the office if you are out of country or some other reason that you can't go to the office. Overall I m very happy with my decision and I recommend them to everyone.

Nurhak P.

15:02 16 Aug 23

excellent experience I had with the staff at Goth & company. The staff I dealt with were not only professional, but they were human beings who understood. They were kind and unbelievably helpful and walked me through the steps one by one, stopping when I needed help. Bankruptcy is a difficult thing to go through and to talk about but they made it easy by breaking tasks into steps and by following along as required. At no point in the process did I feel judged or humiliated. I would HIGHLY recommend this company for all your legal requirements

SAM T.

17:09 04 Jul 23

I filed a consumer proposal at the end of May with Goth & Company Ltd’s help. I was pleasantly surprised at the trustee’s manner during the appointment. Filing a bankruptcy, etc. is kind of nerve wracking and I think my husband and I were expecting to be “dragged through the mud” with questions as to why we couldn’t/didn’t do more to pay our debt (we did a lot! Lol) but it wasn’t like that at all. Our service person was super personable, humorous, understanding, and very clear as we went through the process. Thank you!

Megan K.

16:05 04 Jul 23

I was very nervous in the beginning that this opportunity was too good to be true. My representative Dino walked me through everything and made sure I understood the process. He is the reason I moved forward as he was confident and reassuring that this was the right step. I’m very excited to be able to start paying off my debt and be able to move forward positively regarding my finances.

Melissa W.

03:44 09 Jun 23

WOW! What an excellent experience I had with the staff at Goth & company. The staff I dealt with were not only professional, but they were human beings who understood. They were kind and unbelievably helpful and walked me through the steps one by one, stopping when I needed help. Bankruptcy is a difficult thing to go through and to talk about but they made it easy by breaking tasks into steps and by following along as required. At no point in the process did I feel judged or humiliated. I would HIGHLY recommend this company for all your legal requirements

Cathy W.

10:40 08 Jun 23

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

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?

A Consumer Proposal or Personal Bankruptcy Will Clear Up My Credit Report Myth or Fact? Several times a week I get calls from individuals (debtors) who believe that if they go through a consumer proposal or personal bankruptcy their debts will be removed from their...

How Much Will I Have To Pay If I Go Bankrupt?

How Much Will I Have To Pay If I Go Bankrupt? First We Evaluate Your Options With You When you meet with a Licensed Insolvency Trustee (LIT) to review your situation and your options, the bankruptcy process results in the least amount you pay and is usually the...

Do I Have To Disclose All Of My Debts?

Do I Have To Disclose All Debts In A Consumer Proposal Or Bankruptcy? Why It Matters When a consumer proposal or bankruptcy starts there is immediate protection from the collection action of all unsecured creditors against the debtor. To get this protection, certain...

Bankruptcy Is Not Just “Bankruptcy”

Bankruptcy Is Not Just "Bankruptcy" What is it Then? Bankruptcy is commonly used to describe one of the government law processes available in federal legislation known as the Bankruptcy and Insolvency Act (BIA). The BIA regulates the options available to deal with...

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.