Author Archives: Barton Goth

About Barton Goth

Barton Goth, BA, MBA, CIRP is a Licensed Insolvency Trustee with Goth & Company Inc. In addition, he holds a Masters in Business Administration with a specialization in finance. Barton regularly meets with people seeking help with their debt problems and works with them to find the best possible solution.

Student Loans: The 5-Year Hardship Provision

26 Feb 2014

As a follow-up to our post about how the 7-Year Student Loan Rule works if you file bankruptcy or a consumer proposal, we thought we would explain in more detail how a student can reduce the waiting period to five (5) years under certain specific conditions. Under the Bankruptcy & Insolvency…

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Student Loans: The 7-Year Rule Explained

24 Feb 2014

One of the most complicated areas of bankruptcy law is the rules surrounding bankruptcy and student loans. Almost everyone by now knows that there is a 7-year bankruptcy rule for student debt. This rule has been around since 2008, but is commonly misunderstood. The Bankruptcy and Insolvency Act, specifically section 178….

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What is the Credit Reporting Process For A Bankruptcy?

12 Feb 2014

In Canada, credit reports are maintained by two main credit bureaus: Equifax Canada Inc. and TransUnion of Canada. Their objective is to collect information that lenders would consider important in making a decision about whether or not they should grant you a loan. What each credit bureau does is collect…

What is an Orderly Payment of Debts or Consolidation Order?

22 Jan 2014

Orderly Payment of Debts (OPD), often referred to as a consolidation order, is another alternative to bankruptcy that is available in a few provinces across Canada. It is an excellent program for those who want to avoid a bankruptcy, can afford to pay everything in full but cannot qualify for…

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How Does Bankruptcy In Canada Affect Your Spouse?

24 Jun 2013

As a general rule if you file for bankruptcy in Canada it does not directly affect your spouse. What you will find is that your debts are yours and yours alone. However, there are some instances where your spouse may be affected. If your spouse has co-signed, or guaranteed a…

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Meet out Edmonton Bankruptcy Trustee – Local, Professional Advice

17 May 2013

Today we meet with Goth & Company Ltd., our local, independent Edmonton bankruptcy trustee and licensed proposal administrator. Goth & Company is a local insolvency practice that has proudly served the residents of Edmonton, Red Deer, Northern Alberta and the North West Territories for the last 20 years. We have…

Alberta Bankruptcy Exemptions – What can I keep?

08 Apr 2013

One of the biggest misconceptions about filing for bankruptcy in Alberta, or anywhere in Canada, is that you will lose everything you own. This just isn’t the case. Like in all provinces in Canada, there are Alberta bankruptcy exemptions for what are generally considered necessities of life. In fact, in…

When Will Creditors Stop Calling After I File Bankruptcy?

04 Apr 2013

When you file for bankruptcy in Canada you immediately receive court protection. This protection is called a Stay of Proceedings and is the legal reason why your creditors stop calling after you declare bankruptcy. Filing bankruptcy prevents your creditors from being able to contact you, garnish your wages, seize your…

Does bankruptcy affect a joint bank account?

18 Mar 2013

You can keep your bank account while bankrupt in Canada but whether you have a joint bank account, or not, there are some things to consider. Opening A New Bank Account Before filing bankruptcy in Canada, we strongly recommend that you open a new bank account at an institution where…