Take a Deep Breath—Your Path to Debt Freedom Begins Here
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Struggling under the weight of debt is a reality for many people in Calgary, leaving them feeling stressed and overwhelmed. If you’re juggling unpaid bills, creditor calls, and constant worry, know that you’re not alone.
Calgary’s local experts at BNA Debt Solutions are here to offer a fresh start with a consumer proposal—a solution that helps you repay what you can afford, while protecting your assets. Like the Calgary Tower standing tall through any storm, we’re here to support you every step of the way.
For many Calgarians, financial challenges go beyond the bank account, affecting every corner of daily life. From peace of mind to personal relationships, the impacts can feel overwhelming. But there’s hope—like the serenity of Banff National Park, a path to financial clarity and stability is within reach. Let’s explore how debt might be influencing your life and the steps you can take to regain control.
Unresolved debt can bring challenges, including the risk of wage garnishments and legal actions. These pressures can take a toll on your emotional well-being, making it harder to enjoy life’s everyday moments.
In Canada, over 50% of those in debt report receiving calls from collection agencies or face wage deductions. Without a plan in place, these challenges can grow over time.
Debt can impact your mental health and your ability to plan for the future. It may also affect your credit rating, which can make it harder to achieve your financial goals.
Working with us at BNA Debt Solutions means having a trusted partner. Our experience helps Calgarians tackle their financial challenges with integrity. You don’t need to face this alone—let us guide you toward a manageable financial future with our Consumer Proposal Calgary solutions.
Regain control over your finances with our professional guidance. We’re here to help you find stability and peace of mind.
For over 25 years, we’ve been a trusted partner for Calgarians seeking support through consumer proposals. Just as the Calgary Zoo has brought our community together through education and preservation, we’re here to guide you toward financial clarity and stability.
Our team of Licensed Insolvency Trustees understands the stress and frustration that comes with managing overwhelming debt. We guide you through debt relief options with empathy and professionalism, leading you to financial freedom.
A consumer proposal is a legal agreement to pay creditors back a portion of your unsecured debts. Unlike bankruptcy, it allows you to keep your assets and avoid wage garnishments. It’s a lifeline.
While bankruptcy may seem like the only option, a consumer proposal often offers less severe consequences. Consider using the legal process of a consumer proposal in Calgary as your path to financial freedom with dignity and peace of mind. You repay what you can afford in a way that suits your financial situation. Our team of Licensed Insolvency Trustees is here to make sure this process is smooth and respectful.
A consumer proposal offers relief as refreshing as a visit to Banff National Park—cut your debt by 70%, keep your home, and reclaim your peace of mind.
We understand that feeling overwhelmed by debt is challenging, but a consumer proposal offers a clear and manageable way forward. It involves a legally binding agreement to pay a fraction of what you owe, or minimum payments, with a focus on unsecured debts. Below, we’ve outlined the key steps in the process to give you a clear picture of how a consumer proposal works and the relief it can bring.
Review Your Finances: We assess your current debt situation, including tax debt and unsecured creditors, to gain a full understanding of your financial standing.
Develop Your Proposal: Together, we’ll create a manageable debt repayment option that suits your budget.
File Your Proposal: Our trusted Licensed Insolvency Trustee firm handles all the necessary paperwork and submits your proposal to creditors on your behalf.
Complete Payment Plan: Follow the agreed-upon plan, making affordable payments while keeping your assets protected.
Receive Debt Relief: Enjoy freedom from creditor harassment, protect your credit report, and rebuild your credit rating.
Note: This is an average repayment, however, each person’s circumstances will impact their repayment
Unsecured debts, like credit card bills, payday loans, and personal loans, are typically included in consumer proposals. Unlike secured debts, these debts are not tied to assets, which means you won’t risk losing your home or car. By filing a consumer proposal, you negotiate with creditors to accept partial repayment, relieving you of overwhelming financial stress.
Let BNA Debt Solutions help you take the first step toward financial freedom.
Choosing between a consumer proposal and personal bankruptcy is a big decision. Both options help manage overwhelming debt but work in different ways. Understanding your eligibility and the pros and cons of each can make a huge difference.
Consumer Proposal Eligibility
Unsecured Debts: Consumer proposals can cover debts like credit cards, personal loans, and tax debt from the CRA.
Debt Limit: If your unsecured debt is up to $250,000 (excluding your mortgage), a consumer proposal could be a good fit.
Able to Pay: You should be able to make monthly payments to the creditors through the proposal.
Requirements Under Canadian Law
Both options are governed by the Bankruptcy and Insolvency Act. At BNA Debt Solutions, our Licensed Insolvency Trustees are here to guide you through these legal processes. Consulting with our team will help you determine the best path forward for your financial situation.
For over 25 years, we’ve been helping Calgarians take charge of their finances with consumer proposals built on trust and expertise. Just as the Glenbow Museum has become a cornerstone of Calgary’s cultural heritage, we’re here to be a reliable partner, guiding you toward a stronger financial future every step of the way.
We understand that every financial situation is different. That’s why we take the time to listen and create a customized plan to fit your needs, whether it’s a consumer proposal, debt consolidation, or another debt relief option.
We believe in honesty above all else. Our Licensed Insolvency Trustees will provide clear, straightforward advice about your options—no jargon, no confusion, just practical solutions that make sense for you, just like the simplicity of the Calgary Stampede, where everything is designed to bring you joy and excitement.
Tired of the stress? Filing a consumer proposal can stop collection calls, eliminate wage garnishments, and give you the breathing room you need to rebuild. We’re here to help you start fresh.
Our goal isn’t to sell you something you don’t need. We focus on finding the best solution for you—whether that’s eliminating unsecured debt through a consumer proposal or offering a manageable payment plan.
When you work with BNA Debt Solutions, you’re working with a team who genuinely cares. We combine trust with over 25 years of expertise to help you move from debt stress to financial freedom, with a plan that works for you.
Debt often leads to wage garnishments, repossession threats, and even legal actions by collection agencies. You don’t have to face this alone.
A consumer proposal can halt these pressures. This legally binding agreement allows you to consolidate your unsecured debts into one monthly payment. It offers creditor protection, stops harassment, and keeps your assets safe from repossession.
Benefits of Consumer Proposals:
Retain Assets: Protect your house and car.
One Fixed Payment: Manageable monthly payments.
Interest-Free: No more interest on your debt.
Avoid Bankruptcy: Maintain a stable credit rating.
Our team at BNA Debt Solutions can show you how consumer proposals provide a fresh start and eliminate debt, without the stigma of declaring bankruptcy. We ensure the process is smooth and respectful, focusing on solutions that fit your financial situation.
We’ve worked hard to earn the trust of Albertans for over 25 years.
We’re proud to be recognized for our commitment to excellence and transparency.
Debt weighing you down? Take control with BNA Debt Solutions and a tailored consumer proposal. Contact us for a free consultation today!
Debt consolidation: consolidating all your debts into one single monthly payment loan can give you some breathing room.
Bankruptcy: filing for bankruptcy is always recommended as a last resort, only after all other debt management options have been thoroughly explored.
Credit counselling: working with a credit counsellor can help you develop a plan to pay off your debts and improve your financial situation.
A consumer proposal is a legally binding agreement, managed by a Licensed Insolvency Trustee, to reduce your overall debt and freeze interest, including penalties from the CRA. It protects you through a stay of proceedings, stopping creditor actions such as collection calls, wage garnishments, or lawsuits while allowing you to retain your assets and focus on repayment.
A consumer proposal helps rebuild finances by reducing your outstanding debt, consolidating payments into one manageable monthly amount, and stopping creditor actions like collection calls and wage garnishments. It protects your assets and offers a clear path to becoming debt-free without bankruptcy.
Your equity (value of assets minus liabilities) and total assets significantly determine your debt relief options. For instance, a consumer proposal helps protect your home’s equity, whereas bankruptcy may require you to surrender non-exempt assets.
Surplus income is calculated based on your income exceeding a government-set threshold. In bankruptcy, you may need to pay additional amounts if your income is higher. However, in a consumer proposal, payments are fixed and don’t penalize you for surplus income.
Falling into arrears means missing one or more monthly debt payments, while a default typically refers to failing to meet your debt obligations for an extended period. Defaults can lead to severe consequences such as wage garnishment, repossession of assets, or legal actions initiated by creditors or collection agencies. A Licensed Insolvency Trustee (LIT) can help you explore options like a consumer proposal to avoid these outcomes and protect your assets.
