File 0XGST
Company
- Owed
- $100,000
- Settled at
- $20,000
- Terms
- 5 years to pay
Your company's debt is negotiable.
Debtco Canada restructures businesses in trouble across British Columbia and Alberta — CRA taxes, GST, bank and supplier debt — settled for a fraction of the balance, on terms your company can survive. Fixed fees. Complete confidentiality. We work for you, never your creditors.
File: Company — owed to banks, CRA and suppliers
$3,000,000
Settled
A real Debtco file. $3,000,000 owed. Debt after restructuring: $0. The company went back to business immediately.
$2B+ of debt restructured by our staff
2,000+ clients helped
27¢ average settlement per dollar owed
<10¢ CRA settlements arranged below this
From the files.
Three published corporate outcomes. Names withheld: complete confidentiality is part of the service, so yours would be too.
File 0YBanks · CRA · Suppliers
Company
- Owed
- $3,000,000
- Settled at
- $0
- Outcome
- Back in business immediately
File 0ZInterest-free
Company
- Owed
- $30,000
- Settled at
- $12,000
- Terms
- 5 years, kept every asset
Per-dollar figures are simple division of the two published numbers. These are real files, not projections. They're also not a promise: every restructuring depends on the company's income, assets and creditors. See the results page for the full picture.
Everyone else at the table answers to your creditors. We answer to you.
Licensed trustees are officers of the court, working for the benefit of your creditors, and their fees rise as your proposal payments rise. Debtco is built the other way around: we are not officers of the court, we don't represent banks or creditors, we don't lend money, and our fee is fixed no matter what we save you. No conflict of interest, by design.
- Garnishments can be stopped and protection from creditors arranged quickly
- Canada Revenue Agency debt settledWe've arranged CRA settlements under 10 cents on the dollar
- Restructuring plans built around your company staying open and its people working
- Fixed fees, complete confidentialityTrustee fees rise with your payments. Ours never move.
Corporate debt we negotiate:
CRA income taxGSTProvincial sales tax
Bank debtLoans & lines of creditSupplier debt
Workers Compensation BoardEquipment & vehicle loansOther corporate debt
Run your company's number.
Drag to what the business owes: taxes, bank, suppliers, all of it. Then see it at our published averages.
$500,000
Real past averages, not a quote. Where your company would land depends on its revenue, assets and creditors. That's what the free hour is for.
At our 27¢ average, repayment would be about
$135,000
At the 4¢ low end we've arranged
$20,000
Typical terms
5 years · interest-free
Is your business in financial trouble? You're not alone.
In this episode of our Live Debt Free series, Chris Smith talks about how common corporate financial trouble really is, and the options available the moment you decide to get help.
Chris Smith · Founder & CEO, Debtco Canada
One free hour. Bring the whole file.
The consultation costs nothing and stays confidential: what the company owes, to whom, what's already happening, and what a restructuring would realistically look like.
(250) 212-4476Monday – Friday, 9 AM – 5 PM
- Office
- Suite 1100, 1631 Dickson Avenue
Kelowna, BC V1Y 0B5 - Serving
- British Columbia & Alberta
- info@debtco.ca
- Fax
- 1 (778) 746-2030
- Elsewhere
- Debtco Canada on Facebook