Frequently Asked Questions (FAQs) About Consumer Proposals in Calgary and BNA Debt Solutions

A consumer proposal is a legal agreement to reduce your debt, protect assets, and avoid bankruptcy. It allows you to repay a portion of what you owe, based on what you can afford.

A consumer proposal helps reduce debt, stops collection calls, freezes interest, and protects your home and assets, offering a manageable repayment plan.

To qualify, your unsecured debt must be under $250,000 (excluding your mortgage). You also need to show you can make monthly payments within your budget.

Yes, a consumer proposal allows you to keep your home and assets, unlike bankruptcy, while still addressing your debt issues.

A consumer proposal covers unsecured debts like credit cards, personal loans, payday loans, and tax debts, helping you reduce financial strain.

A consumer proposal typically lasts 3 to 5 years, depending on your debt and the payment terms, after which your remaining debts are forgiven.

Benefits include reduced debt, no bankruptcy stigma, manageable payments, and legal protection from creditors and garnishments.

You can save up to 70% of your total debt, depending on your financial situation and negotiations with creditors.

Yes, a consumer proposal allows you to negotiate with creditors to pay off only a portion of your unsecured debts, helping you regain control.

Missing payments may lead to a proposal cancellation, and creditors may resume collection efforts, but we can help you find solutions before that happens.

BNA offers personalized, professional debt relief solutions, backed by over 25 years of experience and a commitment to client success.

BNA has been helping Calgary residents for over 25 years, providing expert advice on consumer proposals and debt relief.

Yes, BNA offers free consultations to discuss your debt situation and find the best solution for you.

Yes, our team includes licensed insolvency trustees who are legally authorized to help you navigate debt solutions like consumer proposals.

We assist with unsecured debts such as credit cards, payday loans, personal loans, and CRA tax debts, providing tailored debt relief solutions.

BNA helps you assess your finances, create a manageable repayment plan, and negotiate with creditors to reduce your debt and protect your assets.

Yes, we offer both debt consolidation and consumer proposal services, helping you choose the best option for your financial situation.

We handle all the paperwork, negotiate with creditors on your behalf, and ensure the process is clear and stress-free for you.

Yes, filing a consumer proposal through BNA stops collection calls, wage garnishments, and legal action from creditors.

Yes, with over 25 years of expertise, BNA Debt Solutions is committed to providing honest, transparent, and professional debt relief.

BNA’s licensed insolvency trustees guide you through the entire consumer proposal process, ensuring a manageable repayment plan that suits your budget.

If you don’t qualify, BNA can explore other options like debt consolidation or bankruptcy to help you get back on track financially.

BNA’s trustees work directly with creditors to reduce your debt, freeze interest, and secure a manageable repayment plan that works for you.

Yes, BNA can help you explore alternatives like a consumer proposal to avoid further bankruptcy complications and help rebuild your finances.

BNA’s experts assess your financial situation, explaining all options, so you can make an informed decision about whether a consumer proposal is right for you.