Debt Settlement

In Edmonton & Northern Alberta

What Is Debt Settlement?

Debt Settlement may be used to describe one of several solutions designed to eliminate your unsecured debts through renegotiation or a legal process such as a consumer proposal or bankruptcy. There are a variety of informal settlement options including trying to negotiate directly with your creditors or having a debt counsellor propose a new repayment plan. As Licensed Insolvency Trustees we are the only professionals in Canada that are able to administer formal debt settlement solutions through the Bankruptcy and Insolvency Act. Filing for bankruptcy and filing a consumer proposal are the two formal options that are regulated by the federal government.



Income Tax & CRA Debt Forgiveness

Find out what your options are to take care of debt with the CRA.



Dealing With Student Loan Debt

Knowing all of your options can save you from wasting time and money.

Debt Settlement in Edmonton and Northern Alberta

Find out what debt settlement options are available!

Free Professional Advice

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

Phone Number*
Email Address*
Your Name*
First Name Last Name

Client Reviews

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

Excellent

Goth & Company Ltd. LIT4.9

Based on 587 reviews

See all reviews

review us on

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.

Can I Negotiate With The CRA On My Own?

Are There Ways To Negotiate With The Canada Revenue Agency About Paying Back The Taxes I Owe? You can try But, it is very difficult or impossible to negotiate an INFORMAL payment plan with Canada Revenue Agency that would allow you more than a brief period, for...

The Things Debt Collectors Will Tell You…

A Collector For The Bank Told Me... they were going to sue me I would be responsible for court costs the sherriff would show up at my door and seize all my furniture my pension would be garnished the police would arrest me etc... What Should I Do ? Have you had anyone...

Can A Collection Agency Seize My Furniture?

A Collection Agent Has Been Calling Me Threatening To Seize My Furniture. Can They Do That? There are two general types of seizures when a debt is not paid; 1. Secured Debt Seizures A seizure by a secured creditor on the asset the creditor holds for security...

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 Federal Government. 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.