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  • About
    • Our Team
    • News, Updates and Notifications
  • Debt Solutions
    • Consumer Proposal
    • Personal Bankruptcy
    • Debt Repayment Planning in Alberta
    • Debt Repayment Calculator
  • Resources
    • BNA’s Resource and Help Center
    • Financial Blog
    • White Papers & Success Stories
    • Personal Information Forms
    • Debt Breakdown Podcast
  • Contact Us
  • (403) 232-6220

Take the First Step Toward a Debt-Free Life—You Deserve Financial Freedom

Your Path to Financial Freedom

Let’s Create Your Custom Plan Today – Free & Confidential

100% Free Consultation – No Upfront Costs, No Obligation, Just Peace of Mind.

  • Stop creditor calls and regain your peace of mind.
  • Protect your home, car, and RRSPs.
  • Personalized solutions tailored to your unique needs.

Consumer Proposal in Edmonton, AB, Canada

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.

Debt Doesn’t Wait: Long-Term Consequences of Avoiding Action

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:

Constant Stress and Anxiety

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.

Limited Financial Freedom

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.

Worsening Credit Score

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.

Strain on Your Health and Relationships

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.

Let’s Create Your Custom Plan Today – Free & Confidential

A Legacy of 25+ Years: Building Success Stories in Edmonton

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.

Here's What Our Clients Have to Say:

BNA Debt Solutions was the best choice I made. I filed my Consumer proposal in 2019 and completed it in 2022. I am so grateful to them for helping me get my debt repayment so easy. They helped me and made the process so easygoing. When in doubt, they were always there to answer my questions. I highly recommend BNA Debt Solutions to everyone out there who wants a fresh start and needs help to get out of debt. They have amazing Proposal programs with payments that suit your budget.

Majeed Khan

I was referred to BNA Debt Solutions and from my first contact with Nicole I felt at ease. There was no judgement and she answered every one of my questions thoroughly and I felt very comfortable with her. She made sure to show all options for our situation and met with us outside business hours to accommodate our needs. Barry also was very friendly and accommodating to our schedule and educated us on how easily debt can get out of hand. Before I reached out to BNA, I was stressed, anxious and felt like I had no solution to my debt problems but now 2 weeks later I feel like I can breathe again and there is a light at the end of the tunnel. We still have a long way to go but now I feel like I'm more in control of our situation. Don't delay if you are struggling with debt. Reach out! BNA has the answer and can send you in the right direction. I'm so glad I did!!!

Tina Timmons Designation

Facing financial challenges can feel disheartening, a sign of our personal failure. The staff of BNA understand that frustration and are the first to dispel the sense of disappointment. They instil an understanding of how circumstances, many beyond one’s control, can produce that initial impression of this letdown, and then persistently show us how to move beyond this sense of failure to guide us through the many steps needed to address the current state and how to move forward and regain control. The advice is excellent and the work done promptly and thoroughly - a steady influence at our time of need. BNA is worthy of their great reputation- I highly recommend them to guide you through your consumer proposal.

Paul Nahirney Designation
Let’s Create Your Custom Plan Today – Free & Confidential

Simplifying Consumer Proposals for Edmonton Residents

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.

Get Your Free, No-Obligation Consultation

Speak with one of our experts to learn how a consumer proposal can help you reduce your debt and regain peace of mind.

Schedule a Free Consultation

Debt Relief Options Explained: Why Consumer Proposals Stand Out

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.

Why Choose a Consumer Proposal Over Personal Bankruptcy and Other Debt Relief Options?

Discover Savings With a Click: Try the Consumer Proposal Calculator Today!

Note: This is an average repayment, however, each person’s circumstances will impact their repayment

Ready to Tackle Your debt? Schedule a Free Consultation.

We're Here to Help.

Let us show you how we can simplify your financial situation and give you the fresh start you deserve.

Schedule a Free Consultation

Ready to Tackle Your Debt? Here's How to File a Consumer Proposal in Edmonton

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:

  1. Free Consultation: Sit down with one of our Licensed Insolvency Trustees to understand your situation and explore your options.

  2. Debt Evaluation: We’ll review your unsecured debts and overall financial picture, giving you clarity on your path forward.

  3. Proposal Creation: Our team will craft a proposal tailored to your needs and submit it to your creditors for approval.

  4. Creditors Voting: Creditors have 45 days to accept or reject the proposal. Your peace of mind is our priority.

  5. 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.

Why Choose a Licensed Insolvency Trustee for Debt Solutions?

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.

When Debt Feels Overwhelming, BNA Debt Solutions Delivers Hope in Alberta

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.

Trusted Expertise for Over 25 Years

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.

Personalized Debt Solutions

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.

Honest and Transparent Guidance

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.

Immediate Relief with Lasting Results

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.

Solution-Focused, Not Sales-Driven

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.

Trust and Expertise Hand in Hand

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.

See the Immediate Impact: How Filing a Consumer Proposal Can Help You Now

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.

From Hardship to Triumph — Award-Winning Support You Trust

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.

Get Your Free, No-Obligation Consultation

Speak with one of our experts to learn how a consumer proposal can help you reduce your debt and regain peace of mind.

Schedule a Free Consultation

Ready to Break Free from Debt? Start with a Call to Edmonton’s Consumer Proposal Experts Today!

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.

Frequently Asked Questions (FAQs)

Are you eligible for a consumer proposal in Edmonton?

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.

What happens to secured and unsecured creditors in a consumer proposal?

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.

Which assets are safeguarded in a consumer proposal?

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.

Can I keep my home or car?

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.

What happens to my credit rating?

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.

How long does the process take?

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.

Areas We Help: Edmonton

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