by BNA | Oct 17, 2019 | Q&A Series, Questions About Consumer Proposals
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...
by BNA | Oct 11, 2019 | Q&A Series, Questions About Consumer Proposals
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 average, BNA Debt...
by BNA | Jan 18, 2018 | Blog, Consumer Proposals, Q&A Series, Revenue Canada
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? Answer- Thanks for the...
by BNA | Jan 5, 2018 | Blog, Debt Consolidation Loan, Q&A Series
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 a debt...
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