Take the First Step Toward a Debt-Free Life—You Deserve Financial Freedom
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Debt can feel overwhelming, but there’s a solution that doesn’t require the drastic step of bankruptcy. A consumer proposal in Edmonton offers a practical, manageable way forward—letting you repay a portion of what you owe over time while protecting your assets and safeguarding your credit rating.
We know how stressful it can be to feel trapped by debt. That’s why, by working with Licensed Insolvency Trustees, consumer proposals provide a safe, legal way to resolve your financial struggles. It’s an agreement with your creditors that stops wage garnishments and collection calls, giving you immediate relief from the constant pressure. With realistic monthly debt payments, you can finally breathe easier, knowing there’s a way forward.
We understand how overwhelming unsecured debt can feel, but there’s no need to panic. At BNA Debt Solutions, we help you take control and find relief. Here’s how unsecured debt can impact your life and how we can guide you through it:
Living with debt can create a constant cloud of worry. You might feel overwhelmed by calls from creditors and the pressure of unpaid bills. But don’t worry—BNA Debt Solutions offers a way out. Our consumer proposal services can help you manage your debts while keeping your assets safe.
Unsecured debt can make it difficult to move forward with important goals like purchasing a home or securing a loan. However, through a consumer proposal, we can help you reduce the impact of these debts so you can begin to rebuild and regain your financial freedom.
If left unchecked, unsecured debt can severely damage your credit score, limiting future financial opportunities. BNA Debt Solutions works with you to create a manageable plan that helps protect your credit and paves the way for a brighter future.
The burden of debt can affect your physical health and damage personal relationships. Financial stress often leads to sleepless nights and strained connections with loved ones. We’re here to help you ease that burden and focus on what truly matters—your health and your relationships.
Working with our expert consumer proposal trustees in Edmonton gives you immediate protection from debt collectors and wage garnishment. This legally binding agreement with your creditors offers a fresh start, much like how the Edmonton Oilers fight for a fresh start each season.
It’s not just about relieving debt; it’s about taking control and rebuilding your financial future—whether that’s purchasing a home near the iconic Royal Alberta Museum or planning a visit to the World Waterpark.
A consumer proposal is a practical solution that allows you to pay only a portion of your unsecured debts without losing your assets. It’s a legally binding agreement that offers immediate relief from the stress of debt, stops creditor calls, and halts wage garnishments.
At BNA, we’re here to guide you through this process, providing support every step of the way. Trust us to help you regain control and rebuild your financial future with a clear, manageable plan.
Unsecured Debts: How Consumer Proposals Can Reduce What You Owe
Consumer proposals offer a way to address unsecured debts like credit cards and bank loans. This debt relief option allows you to negotiate with unsecured creditors to repay a reduced portion of the total debt. By doing so, you receive a clear, structured payment plan that aligns with your financial situation while avoiding the severe impacts of bankruptcy. Retaining secured assets like your home is also possible under a consumer proposal.
Stop Debt Collection Calls With a Legally Binding Agreement
Once you file a consumer proposal, it becomes a legally binding agreement. This brings relief from stressful debt collection calls, as creditors must stop contacting you. This legally binding status also halts wage garnishments and other legal actions, offering immediate protection to your bank account and financial standing.
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.
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.
Feeling buried in debt? We’re here to help. A consumer proposal in Edmonton could be the fresh start you need. Here’s how we make it simple:
Free Consultation: Sit down with one of our Licensed Insolvency Trustees to understand your situation and explore your options.
Debt Evaluation: We’ll review your unsecured debts and overall financial picture, giving you clarity on your path forward.
Proposal Creation: Our team will craft a proposal tailored to your needs and submit it to your creditors for approval.
Creditors Voting: Creditors have 45 days to accept or reject the proposal. Your peace of mind is our priority.
Start Payments: Once approved, you’ll begin making manageable, affordable monthly payments, moving towards a debt-free future.
This process allows you to get out of debt without the harsh consequences of bankruptcy. It also offers protection from wage garnishments and collection calls, so you can focus on building a better financial future.
Choosing a Licensed Insolvency Trustee (LIT) can be a pivotal step for those facing financial challenges. LITs offer expert guidance and support throughout the debt relief process, ensuring a structured path toward financial stability.
The Smart Alternative to Debt Relief Options for Edmonton Residents
In Edmonton, working with a Licensed Insolvency Trustee is a practical choice for addressing debt issues. Unlike more drastic options like personal bankruptcy, a consumer proposal allows individuals to repay only a portion of their total unsecured debt. This legally binding agreement protects assets and relieves you from debt collection calls and wage garnishments.
LITs ensure that your interests are protected while negotiating manageable terms with your creditors. They also guide you through the proposal process and offer immediate protection from legal action by creditors. This option gives many residents a fresh financial start, allowing for more strategic planning of living expenses.
How Monthly Payments Work in a Consumer Proposal
When you file a consumer proposal, monthly payments are arranged that fit your budget. Our role is to manage the relationship between you and your creditors, ensuring that your payment plan is realistic and fair. LITs oversee this process, ensuring your total debt is addressed collectively with creditors.
The flexibility of these payment plans means you can reduce the interest rates and extend payment terms as needed. Payments are balanced against your income and living costs, providing breathing room to handle essentials like child support and mortgage payments. The commitment to a manageable plan helps gradually improve your credit report over time.
For over 25 years, BNA Debt Solutions has been helping Edmonton residents find relief from financial stress. Whether you’re a student at the University of Alberta or someone who has worked hard and is now facing the burden of debt, we understand the local economy and the unique financial pressures faced by our community.
Our family-owned firm, BNA Debt Solutions, has been proudly serving Albertans for over two decades. With extensive knowledge of local regulations and financial solutions, we are dedicated to providing reliable and trustworthy advice. Our long-standing presence in Calgary and Edmonton reflects our commitment to helping people overcome their financial challenges.
We understand that every financial situation is unique, which is why we offer tailored consumer proposals. These proposals are flexible agreements that allow you to repay only a portion of your unsecured debts, eliminating the stress of unrealistic payment plans.
At BNA Debt Solutions, honesty is our cornerstone. We offer clear, straightforward advice with no hidden fees or surprises. When you file a consumer proposal with us, you can count on full transparency throughout the process and a clear understanding of the potential outcomes.
Filing a consumer proposal provides the immediate relief of stopping harassing creditor calls and debt collection efforts. This legally binding agreement can also protect a portion of your wages from garnishments, allowing you to focus on a manageable and sustainable payment plan.
Our approach is always solution-focused. We aim to find the best debt solution for your needs, not to push unnecessary services. We prioritize your well-being and financial health over sales targets. This commitment ensures that when you work with us, you're receiving the best-tailored advice rather than a one-size-fits-all approach. Our goal is your financial stability, not upselling services.
Our licensed insolvency trustees and proposal administrators play a critical role throughout your consumer proposal journey. Their expertise ensures that all aspects of the proposal are handled professionally and in compliance with Canadian law. We are here to support and guide you at every step, providing a safety net of reliable knowledge.
When you file a consumer proposal, you’ll notice immediate relief from the overwhelming pressure of debt. Here’s how:
Put an end to harassing debt collection calls, giving you the peace of mind you deserve.
Stop wage garnishments and regain control of your paycheck.
Safeguard your home, vehicle, and other essential assets from creditors.
Benefit from manageable monthly payments tailored to your financial situation.
Receive legal protection under Canada’s Insolvency Act to secure your rights.
Take steps to rebuild your credit and move towards a brighter financial future.
Experience immediate relief and feel the weight of debt lift off your shoulders.
At BNA Debt Solutions, we understand how hard it can be, and we’re here to support you through this process. You don’t have to face it alone.
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.
Speak with one of our experts to learn how a consumer proposal can help you reduce your debt and regain peace of mind.
We understand how difficult it can be to face financial challenges. Calling us for help is a simple, pressure-free way to start your journey toward relief. BNA Debt Solutions offers free consultations to ease your situation.
It’s important to feel you’re not alone in this. Our Licensed Insolvency Trustees guide you through every step. With BNA, it’s not just about getting out of debt—it’s about rebuilding your financial future confidently.
Why wait? Your journey to becoming debt-free begins with us.
Schedule a Free Consultation Now
Learn More About Consumer Proposals
We’re here to empower you with options and support. Together, we can plan the steps to regain control over your finances.
Eligibility for a consumer proposal requires that your unsecured debts do not exceed $250,000 (excluding mortgages). You also need to prove your inability to pay off debts in full. Working with a Licensed Insolvency Trustee ensures you understand your options.
Secured creditors are not included in consumer proposals, but unsecured creditors may agree to reduce the amount owed. Whether you’re looking to buy a home near the Royal Alberta Museum or start fresh, this option helps simplify managing unsecured debt.
A consumer proposal protects most of your assets. Secured debts like a home mortgage must still be paid, but personal items remain untouched, enabling you to manage monthly payments.
Yes, you can usually keep your home and car, assuming you continue to make regular payments on secured debts. A consumer proposal does not affect these secured assets unless specified in your agreement.
Filing a consumer proposal will initially negatively impact your credit rating, which will show an R9 rating. After completion, it will change to R7 for three years, influencing your access to new credit. Over time, responsible financial management will help rebuild your credit.
The process generally lasts up to five years, allowing manageable payments over time. This length provides flexibility to address your total unsecured debt while maintaining your lifestyle digitally.
