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Debt Relief Program & Consumer Proposals in Alberta

If you feel overwhelmed by debt in Alberta, know that you’re not alone. Our team of Licensed Insolvency Trustees are ready to help you get back on your feet and find your way to financial independence with a consumer proposal.

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Debt Relief Services in Alberta

Alberta has the highest rate of consumer debt in Canada, so if you find yourself struggling to pay your debts, then you need to speak to our Licensed Insolvency Trustee experts at Harris & Partners.

Harris & Partners are a specialist Licensed Insolvency Trustee with offices based across Canada, and we can help provide different debt relief solutions to individuals and businesses struggling to manage their debt.

If you’re enduring a difficult financial situation and are considering going through the bankruptcy or consumer proposal process, contact us today for a free consultation with one of our licensed insolvency trustees and we’ll help you to find debt solutions in Alberta and build a stronger financial future.

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Debt consolidation in Alberta

If you’re in Alberta and finding it hard to manage multiple debts, a debt consolidation loan might seem like a good idea. It can lower your interest rates and make your payments easier, but it’s not always the best choice.

A consumer proposal could be a better solution. It can reduce the amount you owe, offer interest-free payments, and protect you from your creditors. It’s a simpler, less stressful way to get your debt under control.

For a free consultation on the best solution for you, give us a call today. We’re here to help you find a clear path to a debt-free future.

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Licensed insolvency trustee in Alberta?

Do you have questions about how to manage overwhelming debts? Are you unsure about finding a solution to your debt issues? Our Licensed Insolvency Trustees (LITs) are here to help with all types of debt restructuring, including bankruptcy and consumer proposals in Alberta. We also specialize in providing debt relief solutions and advising on how to negotiate with your creditors.

If you’re feeling burdened by payments, seek debt help today by contacting the Licensed Insolvency Trustees at Harris & Partners in Alberta. Talk to our knowledgeable team, dedicated to helping you with your financial challenges, and guiding you towards a better financial future.

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How does a consumer proposal work in Alberta?

A consumer proposal is a legally binding process where an agreement is made with creditors to negotiate a more manageable form of debt repayment for you.

Your repayment amount will be based on your own unique circumstances and your payments will be spread over a period of five years. This helps to reduce the amount that you owe without the need to surrender your assets to pay your debts.

If you’re based in Alberta and want to file a consumer proposal then you need to work with an insolvency trustee as they legally act on your behalf to set up the agreement and then execute the monthly payments. To book a free appointment with a Harris & Partners trustee, click the link below and let’s get you started on the road to financial stability once more.

Speak to a trustee

Debt help in Alberta - It’s a simple process

Debt Consultation

Tell us about your debt and the challenges you are facing. We are here to provide a listening ear, offering you a safe space to share your financial journey. To offer you the best solution, we need to know the full picture, this includes information on your income, debt, expenses and who you owe money to. Our consultations are confidential and free!

Payment Options

Once we fully understand your specific situation, we can start making a plan. We’ll explore your debt solution options, only committing to things you are comfortable with. This way, we can tailor our services to you for the best possible outcome.

Financial Solution

After going through all the options available to you, we can put our plan into action together. Your financial well-being remains our top priority, and we will provide unwavering support and guidance throughout this process.

Take control today

Debt help in Alberta - It’s a simple process

Debt Consultation

Payment Options

Financial Solution

Take control today

Consumer Proposals: A Better Alternative to a Debt Consolidation Loan

Are you struggling with multiple debts and considering a debt consolidation loan? A consumer proposal might be a better solution for you. Unlike traditional debt consolidation, which combines your debts into a single loan without reducing the total amount owed, a consumer proposal can be far more manageable in the long run.

A consumer proposal is a legally binding agreement managed by a Licensed Insolvency Trustee (LIT). It allows you to repay only a portion of your unsecured debts over a period of up to five years. This means you can reduce your overall debts, and start working towards a better financial position.

Key benefits of a consumer proposal include:

Debt Reduction: Pay back an agreed proportion of what you owe, unlike a consolidation loan where the full amount is due.
Legal Protection: Once filed, a consumer proposal protects against creditor actions, giving you peace of mind.
No Interest: Payments are interest-free, making it easier to manage your finances.
Single Monthly Payment: Simplify your debt management with one affordable monthly payment.

Consumer proposals can be a more effective and less stressful way to regain control of your finances compared to a traditional debt consolidation loan.

Harris & Partners: Alberta office

With our Licenced Insolvency Trustees in Alberta, you don’t have to struggle with debt alone. Take a look below and reach out to our team today.

Jay T. Harris

FCPA, CIRP, LIT

Licensed Insolvency Trustee
Kyle Harris

LL.B., CIRP, LIT

Licensed Insolvency Trustee
Adam Fisher

CPA, CIRP, LIT

Licensed Insolvency Trustee
Joshua Harris

BCOMM., MIB, CIRP, LIT

Licensed Insolvency Trustee
David Adams

Licensed Insolvency Trustee
Doug Loiselle

Licensed Insolvency Trustee
Robert McLernon

BComm, CIRP, LIT

Licensed Insolvency Trustee
Shelley Koehli

Licensed Insolvency Trustee
Jill Strueby

Licensed Insolvency Trustee

Our debt management solutions in Alberta

We understand how overwhelming debt can become. But the good news is that you have options available for dealing with your debt in Alberta:

Consumer Proposals

A consumer proposal can be an alternative to bankruptcy. It works by reducing your debt and extending the repayment period to your creditors in Alberta.

Legally stop creditors
Keep your assets & negotiate lower payments
Avoid bankruptcy

Bankruptcy

Bankruptcy should only be considered as a last resort. If it’s the right option for you, our Licensed Insolvency Trustees in Alberta are here to guide you every step of the way.

Wipe out most unsecured debt
Protect assets like your home
Last resort option

Corporate Bankruptcy

Navigating corporate bankruptcy in Alberta can be complex. Our skilled team is here to guide you, making sure it’s the best approach for your specific debt situation.

Restructure debt
Protect jobs for employees
Avoid liquidation

Corporate Insolvency

Our corporate insolvency services in Alberta focus on restructuring your debts to help safeguard the future of your business.

Protect your employees’ jobs
Typically, liquidate assets to pay off debts
Avoid corporate bankruptcy

Debt Consolidation

Consolidating your debts into one loan in Alberta might lower your interest costs over time and simplify your financial management.

Simplify repayments & reduce interest rates
Manage debt more easily without multiple creditors
We don’t currently offer this debt management service

Debt Management Plan

A debt management plan in Alberta could last for up to five years, providing you with consistent, manageable payments to keep you in control of your finances.

Potentially reduce payments
Repay debt in an agreed timeframe
We don’t currently offer this debt management service

Division 1 Proposals

This option enables you to renegotiate the terms of your debts in Alberta, potentially reducing the amount you owe and extending your repayment timeline.

More time to repay a smaller amount
Keep your assets
Avoid bankruptcy

Credit Counselling

Uncover the root causes of your financial issues in Alberta and access essential tools to take back control of your financial health.

Develop a personalized budget
Learn debt management strategies
Repair damaged credit scores

Debt Settlement

Hire a company in Alberta to negotiate with your creditors on your behalf, potentially settling your debts for less than what you owe.

Potentially reduce your debt
Could damage your credit score
Not a guaranteed solution

Example Savings Calculator With Harris & Partners Debt Relief

Your Potential Debts:

Personal Income Tax $14,078.28

Amex $10,828.36

BMO Overdraft $2,945.54

Bell Phone Arrears $928.36

MoneyMart Payday Loan $1,524.87

National Student Loans $7,985.12

Total amount owed: $38,290.53

Your monthly repayments over a 60-month period would be

Before Help

$1409

After Help

$210

Monthly payments are determined based on individual financial factors

How Much Could I Save?

Free debt repayment calculator

Get a free debt repayment plan tailored to your needs

Expert support from Licensed Insolvency Trustees

Your Information is safe & confidential

Step 1: Your debt

Your plan

Your Information is safe & confidential

Support across Canada

Why choose us for debt help in Alberta

Remove up to 80% of your debt in Alberta

Our Licensed Insolvency Trustees in Alberta specialize in crafting plans tailored just for you, plans that get things back on track and could reduce your debt by up to 80%.

We speak your language

You can count on our team in Alberta for clear, honest advice, no matter your language. From Farsi and Portuguese to Italian and Tamil, we remove the jargon so you understand everything clearly, every step of the way.

Meet the team

Debt support across nine provinces

Our dedication to helping you doesn’t stop at Alberta’s borders. With a network spanning nine provinces, we’re always here to help – just give us a call.

See our locations

Frequently asked questions

What is a Consumer Proposal?

A consumer proposal is a formal, legal debt settlement program available under the Bankruptcy and Insolvency Act. It is a safe, reliable debt relief program that allows you to avoid bankruptcy.

Is a consumer proposal the same as bankruptcy?

A proposal is not bankruptcy, but it does provide the same creditor protection as bankruptcy.

Is a consumer proposal a form of debt consolidation?

A consumer proposal is a form of debt relief that can be considered a type of debt consolidation, but it is not the same as traditional debt consolidation loans.

Debt Consolidation Loan:

This involves taking out a new loan to pay off multiple existing debts, effectively consolidating them into a single loan with a single payment, typically at a lower interest rate. This approach does not reduce the total amount of debt owed but can simplify payments and potentially reduce overall interest costs.

Consumer Proposal:

This does not involve taking out a new loan. Instead, it is a negotiated settlement where creditors agree to accept a reduced amount of the debt owed, payable in manageable monthly instalments, without additional interest.

What are the Pro's and Con's of a consumer proposal?

Advantages of a Consumer Proposal:

Reduced Debt: You pay back only a portion of what you owe.
Legal Protection: Protects against creditor actions.
No Interest: Payments are interest-free.
Structured Payments: Provides a clear, structured repayment plan.

Disadvantages of a Consumer Proposal:

Credit Impact: It negatively affects your credit score, though less severely than bankruptcy.
Public Record: It is a matter of public record.
Approval Required: Creditors must agree to the proposal terms.

When will my debt become forgiven?

If you have entered into an official debt relief program that includes debt forgiveness, such as a consumer proposal, your debt will be written off as soon as you complete your payment term, which can be anywhere between 1 and 5 years.

How can I find out more?

If you want to find out more about bankruptcy exemptions and consumer proposals in Alberta, please contact your local Licensed Insolvency Trustee for further information.

Get started today

Alberta bankruptcy exemptions

In Alberta, some of your assets may be exempt from seizure during bankruptcy proceedings depending on how much equity is in them. Exemptions include:

Enough food to last for a period of 12 months.
Clothing valued at up to $4,000.
Household furnishings and appliances valued at up to $4,000.
One motor vehicle valued up to $5,000.
Personal property that is used to earn income valued at up to $10,000.
All medical and dental aids.
Your principal residence if it is less than $40,000. For co-homeowners, this amount can be reduced depending on how much you own of the home.
RRSPs, RESPs and pensions.
Some life insurance policies.
Farmers: Up to 160 acres of land, plus any equipment needed for the next 12 months.

Contact information

It's never too late to obtain debt help. Book your free consultation today

Phone number: 800-268-8093
Email: hello@harrispartners.ca

Send us a message

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   Harris & Partners Inc.
   2276 Google reviews 
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   Cristina Fraser 
 1 November 2026
 
 
 Trustindex verifies that the original source of the review is Google. Very helpful, assisted me with all my questions.  Gave me choices that would be best for my situation.  So far so good.
  
 
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   Siulone 
 30 October 2026
 
 
 Trustindex verifies that the original source of the review is Google. It was a desperate situation, and an urgent matter for me to quickly find the right LIT to resolve my credit cards' and line of credit debts because the monthly minimum payments alone were getting out of control and beyond what I could manage. Harris & Partners won over two other candidates I had searched for based solely on experience and costs. I'm now able to manage my personal bankruptcy filing with their assistance, and soon will be able to re-establish my good credit rating once again after the filing period completion.

Siulone (aka Tony D)
  
 
     Posted on Google  
   
   Kyle Kelvin Cervantes 
 30 October 2026
 
 
 Trustindex verifies that the original source of the review is Google. Very helpful
  
 
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   Amelita Fabrig 
 30 October 2026
 
 
 Trustindex verifies that the original source of the review is Google. Great service!
  
 
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   AnnMarie Youden 
 30 October 2026
 
 
 Trustindex verifies that the original source of the review is Google. Thank you so much for giving me the opportunity to help me get back on my feet without stressing whats going to happen next
  
 
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   Dan Hainstock 
 30 October 2026
 
 
 Trustindex verifies that the original source of the review is Google. Been very helpful and relieved a lot of stress
  
 
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   Lucita Soriano 
 30 October 2026
 
 
 Trustindex verifies that the original source of the review is Google. Everyone on the team handled my situation with compassion and understanding. They were knowledgeable and helpful, guiding me through each step clearly and explaining everything in a way that was easy to understand. The total amount was reduced drastically. Overall I'm very happy with the way my debt was settled.
  
 
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   Mike M 
 30 October 2026
 
 
 Trustindex verifies that the original source of the review is Google. Highly recommended! Walked me through each step and offered reassurance along the way! My only regret is that I didn't reach out to them sooner! Thank you all so much!
  
 
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   Missus EmAreEss 
 30 October 2026
 
 
 Trustindex verifies that the original source of the review is Google. Very informative about the process and answered every question. Very helpful through the steps.
  
 
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   Jason 
 30 October 2026
 
 
 Trustindex verifies that the original source of the review is Google. Dealing with Harris and Partners has been an easy and pleasant experience. They have relieved the stress that I was having and have stopped the constant calls from creditors. I feel like I can breathe again and have my head above water instead of drowning.
I highly recommend Harris and Partners if you are having difficulty maintaining and are falling deeper into debt
  
 
 
  
 
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