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The weight of debt can feel unbearable, especially with Alberta’s rising costs and economic challenges. High-interest rates, missed payments or arrears, and wage garnishments can take an emotional toll, leaving you feeling anxious, stressed, and uncertain about the future.
At BNA, we understand the strain these financial pressures place on your life. Our Licensed Insolvency Trustees (LITs) work closely with you to create a personalized debt repayment plan that fits your financial reality. A consumer proposal can give you a fresh start, letting you repay creditors at a manageable pace while protecting you from wage garnishments and creditor harassment.
We believe in treating each person with compassion and respect, recognizing the emotional journey behind every financial struggle. Our goal is to provide solutions that are not only effective but also supportive, giving you peace of mind during a difficult time.
Are you constantly worrying about bills and payments? In cities like Calgary, Edmonton, and Lethbridge, the weight of unpaid debts can feel overwhelming, impacting your mental and emotional well-being every day. It’s hard to focus when anxiety is always just beneath the surface.
Living paycheck to paycheck, unable to save, or even dream about your future – debt can trap you in a cycle where life’s possibilities seem out of reach. Whether buying a home in Southwest Edmonton, planning a family trip to the Calgary Stampede, or even enjoying time in Red Deer, debt takes away your freedom to live life on your terms.
Missing payments can hurt your credit report score, making it harder to get a loan, rent a home, or even secure a good deal on things you need. The stress of knowing your credit is suffering only adds to the burden of financial hardship.
Debt doesn’t just impact your finances – it affects your relationships with those closest to you. Whether you're in Fort McMurray, West Lethbridge, or any of Alberta’s vibrant communities, constant worry and stress can lead to tension and arguments, leaving you feeling isolated and disconnected from the people you care about most.
For over 25 years, BNA Debt Solutions has been a trusted ally to Albertans feeling the weight of financial stress. We’ve helped thousands find hope and relief from crushing debt, offering compassionate support and clear, trustworthy guidance at every step.
With our team of experienced Licensed Insolvency Trustees, we don’t just provide solutions—we prioritize your peace of mind and long-term financial health so you can start rebuilding your future with confidence.
A consumer proposal is a legally binding agreement with your unsecured creditors, allowing you to repay a portion of your debt over a flexible period of up to five years. This alternative is ideal for those facing high interest rates, missed payments, or wage garnishments. Licensed Insolvency Trustees (LITs) at BNA Debt Solutions are here to guide you through the process.
To be eligible in Alberta, your unsecured debt must not exceed a set limit under the Bankruptcy and Insolvency Act. You need to have a steady income to make fixed payments over time. Consumer proposals in Alberta help protect your assets, like your home or car.
Conditions include:
If you meet the eligibility criteria, a consumer proposal can stop legal action against you. This debt solution is tailored to your needs while providing immediate relief and helping rebuild your credit rating over time. Reach out to us for a consultation and regain control of your finances with confidence.
Speak with one of our experts to learn how a consumer proposal can help you reduce your debt and regain peace of mind.
A consumer proposal stands out for its affordable monthly payments, ability to protect assets, and opportunity to regain control of your financial future without the harsh consequences of bankruptcy.
Here’s a side-by-side comparison of how consumer proposals measure up against other common options like bankruptcy, debt consolidation, and credit counselling.
Bankruptcy is often seen as a last resort due to its severe consequences. It can lead to a permanent public record, making it difficult to rebuild your credit rating. Additionally, bankruptcy might require you to surrender certain assets and face a more significant impact on your credit score.
If you’re looking for a debt relief option with less severe consequences, a consumer proposal could be a better solution. It allows you to reduce your debt while keeping your assets and avoiding the long-term impact of bankruptcy. Try out the calculator below to explore how much you could potentially save with this approach.
Note: This is an average repayment, however, each person’s circumstances will impact their repayment
Let us show you how we can simplify your financial situation and give you the fresh start you deserve.
When you’re struggling with debt, knowing where to turn can feel daunting. But with a Licensed Insolvency Trustee (LIT) from BNA Debt Solutions, you have a dedicated partner to help guide you through your options.
Here’s how we help you every step of the way:
Free Consultation: We start with a no-pressure consultation to understand your situation and explore your options. Our LITs listen, assess your needs, and explain the available debt relief options, including consumer proposals and bankruptcy.
Crafting Your Consumer Proposal: If a consumer proposal is the right choice, we work with you to create a fair and legally binding agreement that protects your assets and sets up manageable monthly payments.
Proposal Submission: Once we’ve finalized the proposal, our LIT submits it to your creditors, who will then vote to approve or reject the terms.
Creditor Approval: If your creditors approve the proposal, you’ll begin making fixed monthly payments that fit your budget without the stress of creditor harassment or wage garnishments.
At BNA, our expert LITs have helped thousands of Albertans regain control of their finances, with over 200 positive reviews. We specialize in creating personalized consumer proposals and negotiating with creditors to provide you with the support and peace of mind you deserve.
With over 25 years of helping Albertans, BNA Debt Solutions has earned a reputation for delivering real results. We’ve been here, helping people like you rebuild their financial lives.
Your situation is unique, and so are your solutions. At BNA, we take the time to understand your needs and create a customized consumer proposal that fits your budget so you’re not stuck with a cookie-cutter plan that doesn’t work for you.
We know you’ve probably heard all sorts of promises from other companies. At BNA Debt Solutions, there are no gimmicks, no hidden fees—just straightforward, honest advice. We want you to feel confident in the decisions you’re making without any surprises.
Imagine the weight lifting off your shoulders when a creditor calls and wage garnishments stop. With a consumer proposal, you get immediate relief and a manageable one-monthly payment plan that brings long-term peace of mind and financial stability.
At BNA, we’re not here to sell you anything you don’t need. Our focus is solely on finding the best solution to help you take control of your debt and move forward with confidence—without feeling pressured.
You don’t have to face this alone. Our Licensed Insolvency Trustees are with you every step of the way, offering expert guidance and a genuine commitment to helping you achieve the fresh start you deserve.
Preserved Assets: A consumer proposal allows you to keep your home, car, and other possessions, provided you stay on track with your payments.
Negotiated Debt Settlement: You can work with your creditors to reduce what you owe. They may accept a fraction of the debt, allowing you to pay less and settle it quicker.
Lower Monthly Payments: Your payments can be restructured into one affordable, fixed monthly amount, giving you some breathing room and less financial stress.
Automatic Stay of Proceedings: Once you file, creditors are no longer able to take legal action against you. This means no more wage garnishments, collection calls, or lawsuits.
No Interest: Once your proposal is accepted, creditors can’t add more interest to what you owe, helping you focus on paying down your debt instead of watching it grow.
Keep What’s Important: As long as you make your payments, you don’t have to lose your home or car. This offers peace of mind, knowing your basic needs are protected.
Speak with one of our experts to learn how a consumer proposal can help you reduce your debt and regain peace of mind.
Not all debt can be included. Only unsecured debts like credit cards, payday loans, or CRA arrears are eligible. Secured debts like mortgage payments and car loans are excluded, as secured loans and creditors with collateral have different rights and protections.
Unsecured creditors must agree to the terms of a consumer proposal through a majority vote. Once consumer proposal offers are accepted, they cannot pursue collections, garnishments, or other legal actions, and their claims are settled through proposal payments as outlined in the agreement.
Monthly payments in a consumer proposal are based on your financial situation, covering unsecured loans and debts while protecting your assets. Licensed Insolvency Trustees assess your income, expenses, and future payments to design an affordable repayment plan for both you and your creditors.
Yes, filing a consumer proposal stays proceedings like wage garnishments, liens, or lawsuits initiated by creditors. Once accepted, creditors must follow the terms of the proposal and cannot take further action, offering immediate protection and relief.
Yes, a consumer proposal impacts your credit rating. It’s reported as an R7 on your credit report, which is less severe than personal bankruptcy (R9). This rating improves as you complete your payments, helping you rebuild your financial health over time.
A consumer proposal is one of many debt relief options. Alternatives include debt consolidation loans, credit counselling, or personal bankruptcy. A Licensed Insolvency Trustee can assess your situation and help determine the most effective debt-free solution for your needs.
