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Consumer Proposal Services in Alberta

Reduce your debts by up to 70% while keeping all your assets

Goth and Company administers federally regulated consumer proposal services in Alberta as Licensed Insolvency Trustees – the only professionals legally authorized to file consumer proposals in Canada. Consumer proposals enable you to pay only a portion of what you owe over up to 5 years, with payments determined by what you can afford.

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Proven Consumer Proposal Services in Alberta Since 1993

Filing consumer proposals in Alberta requires expertise you can rely on completely. Choosing the right Licensed Insolvency Trustee makes all the difference, especially for Alberta residents in volatile industries like oil and gas, agriculture, or construction.

Goth and Company operates as Licensed Insolvency Trustees following the federal legal process established under the Bankruptcy and Insolvency Act. We’ve been incorporated since 1993, helping Alberta residents through multiple economic cycles including the 2008 recession and recent oil price fluctuations.

Goth and Company offers immediate creditor protection through federally regulated consumer proposals, helping Alberta families keep their homes while eliminating overwhelming debt across Edmonton, Calgary, Lethbridge, Sherwood Park, and St. Albert.

Consumer Proposal & Debt Relief Services Across Alberta

Consumer proposals serve as the preferred alternative to bankruptcy for individuals who can afford to pay a portion of their debts over time.

Goth and Company provides professional administration with a 99% acceptance rate for consumer proposals based on our office experience over decades of practice throughout Alberta.

Debts Reduced by Consumer Proposals:

  • Credit Card Debt (all major banks and credit unions)
  • Income Tax Debt (Canada Revenue Agency)
  • Bank Loans and Lines of Credit
  • Payday Loans and Student Loans (7+ years)
  • Phone Bills and Utility Bills
  • Personal Loans and Collection Accounts

What is a Consumer Proposal?

Understand the basics of consumer proposals and how they work.

Consumer Proposals vs Bankruptcy

How are they different? How are they the same? More information here…

Consumer Proposals & Your Credit

Learn how to get out of debt and build up a strong credit history.

Debt Consolidation With A Proposal

How does a consumer proposal compare to other consolidation options?

Who Should Consider Consumer Proposals?

Consumer proposals function optimally for individuals unable to afford to pay debts in full but have sufficient income to pay a portion over time. Key indicators you should explore consumer proposals:

  • Cannot afford minimum payments on all debts simultaneously
  • Have significant assets to protect (Alberta home, vehicles)
  • Owe substantial tax debt to Canada Revenue Agency
  • Want to avoid bankruptcy and its consequences
  • Have steady income but overwhelming debt load
  • Collection calls causing stress and affecting work
  • Debt payments consuming a large portion of income
  • Work in seasonal industries with variable income

Particularly effective for Alberta residents who need structured debt reduction without career interference.

How do you file a consumer proposal in Edmonton

When Is a Consumer Proposal Not Suitable

It is not suitable if you have no regular income, no assets to protect (bankruptcy faster), need immediate elimination (bankruptcy 9-21 months vs up to 5 years), or cannot commit to consistent payments.

Who Decides if a Proposal is Acceptable?

For a proposal to be accepted we need to have a majority of the creditors, so there is a formal voting process that takes place. Your unsecured creditors will have 45 days to determine if the proposal is acceptable and as long as we have a majority of the creditors cooperating with the proposal, regardless of which creditors we are dealing with, the consumer proposal is automatically binding on all the creditors involved.

Once the proposal has been accepted by the creditors it is also approved by the court, but this is largely a rubber stamp, as long as the creditors are happy and the proposal has been written properly based on valid information, the court is happy to ratify the creditors’ decision.

Consumer Proposals Decrease Most Unsecured Debts in Alberta

Consumer proposals decrease most unsecured debt by up to 70%. Once filed, creditors must deal directly with your Licensed Insolvency Trustee.

Important Considerations

Secured debts like mortgages and car loans cannot be included but you maintain these through continued payments. Government fines, child support, and recent student loans are not extinguished.

Consumer proposals function optimally with stable income, desire to keep assets, and ability to commit to monthly payments over your chosen term. Success depends on realistic budgeting and commitment to completion.

While our acceptance rate reaches 99%, not everyone completes successfully, often due to changing circumstances like job loss or unrealistic initial budgeting. We create payment plans fitting your actual income and Alberta’s economic realities.

Debt Relief Services Across Alberta Communities

Goth and Company delivers consumer proposal services throughout Alberta, with specialized understanding of regional economic challenges from oil price volatility to agricultural cycles.

 

Edmonton Consumer Proposals

Serving Edmonton’s diverse economy including government workers, healthcare professionals, and oil industry employees. Consumer proposal services in Edmonton address the unique challenges of Alberta’s capital region.

 

Calgary Consumer Proposals

Calgary’s corporate sector and energy industry create specific debt challenges. Consumer proposal help in Calgary serves professionals and skilled workers throughout the city. 

Get Your Free Consultation Across Alberta

Goth and Company has been in business since 1993 and currently assists Alberta residents in overcoming debt through consumer proposals. Our Licensed Insolvency Trustees understand Alberta’s unique challenges, from oil industry volatility to seasonal employment affecting Alberta families.

Goth and Company provides personalized consumer proposal services combining decades of expertise with compassionate guidance for your specific Alberta situation, whether you’re in Edmonton, Calgary, or smaller communities throughout the province.

Free Consumer Proposal Consultation

Learn how a consumer proposal could work 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.

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Goth & Company Ltd. LIT4.9
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Brittany C.
4 months ago
I had such a great experience with this office, especially Colleen. She was incredibly kind, patient, and thorough — taking the time to explain everything and make sure I fully understood. She made a really stressful process feel manageable and treated me with so much respect and compassion. I’m so grateful for her help and would absolutely recommend this office to anyone needing guidance.
Response from the owner:Thank you Brittany for the kind words. If there is anything else you need be sure to reach out!!!
Terry
7 months ago
For a very long time I had been on edge because of a 'charitable giving' tax shelter I had participated in many years earlier . The tax court had finally ruled against the beneficiaries of this shelter and I was now on the hook for most of my original donation plus interest dating back 20 years .I was ' climbing the walls' waiting for the day CRA would scoop my bank account .
But , Goth pulled away the clouds of doom and presented me with a well explained , greatly reduced 5 year payment plan that CRA accepted. I did not need to declare bankruptcy .
Until this thing with Goth was behind me , I did not realize how it was affecting everything in my life . I sleep better , I smile more and people ask "do you have a girl friend ". I am a bit of a recluse.
And since this proposal was enacted , Goth has been so helpful in promptly answering any questions I might have.
Do not even think of enlisting the services of scammers who will 'offer' to quash CRA's case against you . They will get you so far into trouble your great grand children will be paying for you .
Only ever consider using a licensed trustee to help you out of this mess .
Response from the owner:We are happy to be able to take the edge off and help you move forward!!! Please let us know if there is anything else you need!!!!
Personal C.
8 months ago
After 4 ankle surgeries, I was unable to continue working. My debts were substantial.
I had CRA debt, credit card debts, line of credit debts, and other miscellaneous debts.
The team at Goth were always very courteous and non judgmental. I liked everyone I interacted with.

They arranged a 9 months bankruptcy, with a very low monthly payment. I have now completed the process, and I am 100% debt free.
Goth was amazing. They obviously wanted to help me out, and their main priority is to make sure everything is done by the book.

Highly Recommended!
Response from the owner:We sincerely appreciate your kind feedback. It was our pleasure to assist you, and we’re glad to hear you had a positive experience. Should you require any further support, we’re always here to help.
Jessica
1 year ago
Thank you GOTH & COMPANY and the WHOLE TEAM and most Special to Mention Miss Paula Power, you are so Amazing and Very informative, no judging my situation. The moment i spoke up to Miss Paula, thats the time i felt big relieve, iam almost end up my life, because i dont know what to do.I've been suffering Depression and Anxiety, because of my situation i've been through a lot.Once again Thank You GOTH And The Whole TEAM! You guys a Highly Recommended 100%. All the Best!
Response from the owner:We appreciate your 5-star rating and your feedback. Providing professional and supportive service is important to us. Should you need any additional assistance, we’re always happy to help.
Jenna G.
2 years ago
The time, kindness, knowledgeable staff of this wonderful company helped our household when in a small bind.
Each staff member was understanding, and treated us like we mattered/family; as well as clients.
No better place to go to than this company for anything they offer.
Made everything very simple, and put lots of anxiety at ease starting from the very 1st appointment.
Thank you from the Hall & Grayson families.
Response from the owner:Thank you for your review and for your kind feedback. We’re pleased you had a positive experience. If there’s anything we can assist with in the future, please don’t hesitate to reach out.
Linda D.
2 years ago
I got in touch with Goth and Company a few weeks ago and I am happy that I did. .They are very informative and awesome people to talk with ..Everything is explained very well and any questions that you asked are answered...I can honestly say they have helped me great with this process. .So I advise people that if you are having financial problems please give Goth and Company a call. You will not be disappointed.. Thank you for the help you have given me.
Response from the owner:We sincerely appreciate your review. Thank you for taking the time to share your experience. Should you need support in the future, we’re always here to help.

Recent Posts About Consumer Proposals

We continually publish new content based on questions and feedback from our clients and visitors.

Will This Clear My Credit Report?

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...

read more
How Often Do Consumer Proposals Get Rejected?

How Often Do Consumer Proposals Get Rejected?

How Often Do Consumer Proposals Get Rejected? And What Happens If They Are?   Consumer Proposals get accepted in our office “eventually” at a rate of 98% or better. This means a combination of acceptance by creditors votes by the initial vote 45 days from the...

read more
Do I Have To Disclose All Of My Debts?

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...

read more
Can I Make A Consumer Proposal To My Creditors By Myself?

Can I Make A Consumer Proposal To My Creditors By Myself?

Can I Make A Consumer Proposal To My Creditors By Myself? No, you can’t. But let’s make sure we are both talking about the same thing. If you ask a Licensed Insolvency Trustee (“LIT”) what a consumer proposal is, the LIT will tell you that it is a specific process...

read more

Frequently Asked Questions

Below are commonly asked questions about consumer proposals in Alberta.

What Is a Consumer Proposal and How Long Do You Pay?

Consumer proposals are court-sanctioned debt settlement processes that enable you to negotiate with unsecured creditors while avoiding bankruptcy and keeping all assets.

What is the payment duration for consumer proposals? You select up to 5 years maximum, with most people selecting terms based on their budget and debt level. You typically offer creditors a reduced amount with immediate creditor protection and interest freezing.

Example: $35,000 debt with $200 monthly available could result in a proposal offering a portion of the total debt over several years with no interest. For $500/month we could address debts as high as $70k+. How quickly do creditors stop calling? Collection calls stop immediately upon filing – often within 24 hours.

Who Qualifies and What Happens to Your Credit?

Qualification criteria: owing under $250,000 unsecured debt, unable to pay debts in full, sufficient income for monthly payments, Canadian resident. Works well for Alberta professionals and seasonal workers in oil, agriculture, and construction.

How does filing immediately affect your credit rating? You’ll receive an R7 rating (better than R9 for bankruptcy). This notation stays for either 6 years from filing or 3 years from completing the consumer proposal, whichever is sooner, but many clients see scores improve during the proposal as debts are being addressed.

Will your employer find out? Generally no, unless you are subject to a garnishment in which case we have to advise your employer to stop the garnishment. Documentation needed may include: pay stubs, tax returns, asset/debt lists, budget, bank statements.

What Debts Are Included and Can You Keep Your House?

Are all credit cards included? Yes! Do you retain your house? Yes! Unlike bankruptcy, consumer proposals let you keep all assets including your Alberta home, vehicles, RRSPs, investments.

Included debts: credit cards, bank loans, lines of credit, payday loans, income tax debt (CRA), student loans (7+ years), utility bills, phone bills, personal loans. Excluded: secured debts (mortgages, car loans), court fines, fraud debts, child support, recent student loans.

What happens to tax refunds? CRA may setoff a portion of your unfiled or next tax refunds, but you will start to receive tax refunds the year after you file. Monthly payments vary based on your income, expenses, and total debt amount.

Benefits and What If You Can’t Make a Payment?

What happens if you miss a monthly payment? Contact your trustee immediately before missing payment. We can arrange temporary solutions or deferrals. Missing three payments automatically cancels your proposal.

Benefits: keep all assets, pay only a portion of what you owe, stop interest immediately, consolidate payments, immediate creditor protection, avoid bankruptcy. Advantages over bankruptcy: maintain assets, better credit impact (R7 vs R9), keep tax refunds.

Advantages over debt consolidation: debt reduction vs reorganization, legal protection, include tax debt, no good credit requirement, bind all creditors.

Risks, Job Loss, and Getting Out Early

Can you complete early with additional funds? Yes! Pay off anytime without penalty, removing credit notation sooner. Many Alberta clients complete early using bonuses, raises, or resource industry windfalls.

What happens if you become unemployed? Contact trustee immediately – we can arrange deferrals or amendments. What if you get a raise? Small increases don’t affect terms; significant increases might lead to creditor requests for higher payments.

Risks: automatic cancellation if missing three payments, or creditor rejection. Not suitable when you can’t afford any payments, debts mostly secured, need immediate elimination, or irregular income. Our proposals achieve a 99% acceptance rate with creditors.

Travel, Credit Rebuilding, and Life Changes

Is travel allowed? Yes, regular travel remains permitted without trustee permission. What are credit rebuilding strategies? Start with secured or low-limit credit cards, make small purchases, pay monthly, keep balances under 30%.

Timeline: document preparation takes time, then filing, 45-day voting period, then payments over chosen term. Marriage doesn’t affect obligations; divorce can be complex with joint debts. Moving provinces possible with trustee transfer.

How to File – Next Steps

The process commences with complimentary consultation assessing your situation and reviewing options. We can typically meet within a reasonable timeframe. Steps: gather documentation, prepare proposal documents, file with creditors and government, begin 45-day voting period.

Your responsibilities: monthly payments, two counselling sessions, provide updates if requested, maintain trustee communication. Consultation to filing can be done in as little as one week or sometimes sooner in very urgent situations. Creditor protection begins immediately upon filing.