Short Answer A consumer proposal is an arrangement that’s negotiated with your creditors through a Licensed Insolvency Trustee. It’s an alternative to personal bankruptcy that is preferred by many debtors in Alberta. They are administered in Alberta the same way they are across Canada by...

Short Answer A consumer proposal is absolutely worth it! Longer Answer In Alberta, a consumer proposal is a very attractive option because you don’t have to pay any interest and a trustee can help you settle your debts for much less than you owe. On...

CRA Consumer Proposal Question from Ron B. I have been self-employed for the last three years (and did not pay my taxes) and Canada Revenue Agency has just frozen my bank accounts.  Can I go bankrupt on a CRA debt or what are my options?...

Debt Consulting Company Question received from Sarah T. Question: I recently contacted a debt consulting company over the internet for help. I owed $22,000 in total, however, one of the debts for $6,000 was a “joint” debt with my spouse. I asked if I filed...