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

2019-03-22T16:09:36+00:00Consumer Proposal|

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 according to the Bankruptcy and Insolvency Act (“BIA”) where an individual can offer a compromise to [...]

Can Bankruptcy Or A Proposal Deal With Tax Debt?

2019-03-22T15:55:48+00:00Bankruptcy, Consumer Proposal|

The simple answer to this is yes. If you go bankrupt or make a proposal that is accepted by creditors, the tax debt is included in either process in normal cases. When Can't It Be Included? Here are some of the unusual cases where further action or collection can be taken by CRA; If the [...]

What Is A Consumer Proposal? Is It A Good Idea?

2019-03-22T15:46:12+00:00Consumer Proposal, FEATURED|

Are you looking for affordable debt resolution? Many residents of Edmonton and Alberta are faced with the problem of unmanageable debt. It is important to know that there are multiple solutions. If you are struggling with your debt and are unsure of where to turn, Goth & Company can show you what options are available [...]

“Bankruptcy” is not just “bankruptcy”

2019-03-12T14:20:01+00:00Bankruptcy, Consumer Proposal|

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 businesses and individuals experiencing financial difficulties. Only Licensed Insolvency Trustees (Trustees) are allowed to administrate the options in the BIA. Individuals seek [...]

Does A Proposal or Bankruptcy Help Clear up your Credit Report?

2019-03-22T13:01:44+00:00Bankruptcy, Consumer Proposal|

A Proposal or Bankruptcy Helps Clear up your Credit Report - Myth or Fact? Several times a week I get calls from individuals (debtors) who believe that if they go through a proposal or bankruptcy their debts will be removed from their credit report and that will make it easier for them to get new [...]

A Collection Agent Has Been Calling Me Threatening To Seize My Furniture

2019-03-12T13:49:52+00:00Uncategorized|

Can They Do That? There are two general types of seizures when a debt is not paid; A seizure by a secured creditor on the asset the creditor holds for security such as a vehicle. A secured creditor has a security agreement which is a type of written contract signed by you and the creditor, [...]

Supreme Court finds that Alberta Traffic Safety Act is not allowed to withhold a license after bankruptcy.

2019-03-04T16:44:31+00:00Bankruptcy|

A long standing issue for Alberta debtors has been addressed by the Supreme Court of Canada today. The Supreme Court of Canada has ruled that debts owing as a result of compensation form Section 102 of the Alberta Traffic Safety Act do not apply if a debtor is discharged from a bankruptcy. What does this [...]