Bankruptcy Services
in Edmonton
Eliminate almost all of your unsecured debts and get a fresh financial start
Goth and Company eliminates overwhelming debt for Edmonton residents through government-approved bankruptcy and debt settlement programs. As Licensed Insolvency Trustees, we are the only professionals legally authorized to file bankruptcy and consumer proposals on your behalf.
Edmonton Bankruptcy Services You Can Trust
Filing for bankruptcy in Edmonton requires expertise you can rely on. Not all bankruptcy services are equal, and choosing the right Licensed Insolvency Trustee can make all the difference in your debt relief journey.
As Licensed Insolvency Trustees incorporated since 1993, Goth and Company takes a personal approach to understand your unique financial situation and guides you through every step. We review all of your options and ensure you understand how bankruptcy will impact your life in Edmonton.
When you’re ready to take control of your financial future, you choose the path that makes the most sense for your situation. Goth and Company is one of Edmonton’s most experienced bankruptcy service providers, having guided thousands of Edmontonians through successful debt elimination.
Filing for Bankruptcy in Alberta
See the bankruptcy process broken down into five simple stages.
Looking for a Bankruptcy Trustee?
Find out why you need a Licensed Insolvency Truste instead.
The Bankruptcy & Insolvency Act
Everything you need to know about Canada’s insolvency legislation.
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
Bankruptcy & Debt Relief Services
Several bankruptcy alternatives exist in Edmonton. Bankruptcy is typically considered as a last resort for individuals and families who cannot afford to deal with their debt in any other way. As Licensed Insolvency Trustees, Goth and Company provides immediate creditor protection through the federally regulated bankruptcy process.
Personal Bankruptcy
A legal process that eliminates most unsecured debts. Bankruptcy is designed to relieve honest but unfortunate debtors of their debts. Filing for bankruptcy can only be done by a Licensed Insolvency Trustee and must follow procedures outlined in the Bankruptcy & Insolvency Act of Canada.
Consumer Proposals
An alternative to bankruptcy that allows you to keep all your assets while paying only a portion of what you owe. This binding agreement can reduce your debts by up to 70% over a maximum 5-year term. Our consumer proposals get accepted at a rate of 99% or better. Goth & Company has this exceptional success rate because our Licensed Insolvency Trustees understand exactly what creditors expect and create realistic debt solutions.
Debt Consolidation
Combine multiple debts into a single manageable payment. We’ll help you explore all consolidation options before considering bankruptcy as your debt relief solution.
Find out if declaring bankruptcy is right for you!
Free Professional Advice
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Client Reviews
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Recent Posts About Bankruptcy
We publish new content based on questions and feedback from our clients and visitors.
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.