Search site            Home     About us     Contact us     Ask an expert     Forms     Corporate recovery      


Thank you for making a difficult time in our life easier to deal with.

- Grant Thornton Limited client

» Read success stories

Thank you for making a difficult time in our life easier to deal with.

- individual we've assisted

» Read success stories

What is a Consumer proposal?

A consumer proposal in Alberta, is a legal process which enables you to consolidate your debt and make an offer to your creditors to modify your payments or to repay only a percentage of what you owe. A proposal allows you a fresh start without going bankrupt.

You can make a proposal (or file bankruptcy) in Alberta if you:

  • are not presently in bankruptcy

  • owe at least $1,000

  • are not able to meet your regular payments as they become due; or

  • would not be able to pay all of your debts if all of the assets you are not allowed to keep are sold

Your company, partnership, or business may also file bankruptcy or make a proposal if it meets the above requirements.

However, any unsecured creditor to whom you owe more than $1,000 could try to force you into bankruptcy. In this case, the creditor must prove that you have committed an act of bankruptcy, such as not paying your bills as they came due. The court reviews the facts and, if the application is successful, issues a bankruptcy order which places you in bankruptcy by the creditor.

» More Grant Thornton videos

We are here to help you every step of the way:

Briefly the steps to making a consumer proposal in Alberta are:

  • The Licensed Insolvency Trustee will help you prepare a Statement of Affairs which lists all of your assets, creditors, income, expenses and other pertinent information

  • Your finances will be reviewed and the Trustee will assist you in preparing a proposal to your creditors of all of your debts consolidated together

  • After you make your proposal, most creditors are no longer able to pursue you for collection of their accounts

  • Public utilities may not discontinue service

  • You make your payments to the Trustee who will pay your creditors until the terms of your proposal have been met

  • You will be required to attend two financial counselling sessions

  • Once you have met the terms of your proposal, you will receive a document stating that you completed your proposal and you will have no further obligation for the debts covered in your proposal

Creditors are not required nor do they have any legal obligation to arrange alternative payment terms with you. Furthermore, the creditor can end special arrangements at any time with little or no notification. Also, this option may not stop collection agents from calling.

Talk to us about your options:

Our qualified professional Licensed Insolvency Trustees and Administrators are familiar with all aspects of Canadian bankruptcy law and can provide you with options, whether consolidating through a consumer proposal or filing for bankruptcy. The earlier you contact us, generally, the more debt solutions are available.

Read more about the Benefits of Consumer Proposals (PDF).

We can help

Our Licensed Insolvency Trustees (formerly called Trustee in Bankruptcy or Bankruptcy Trustee) and Estate Managers believe everyone deserves a financial fresh start, while being treated with dignity and respect.

To speak to someone now call us at 310-8888 for a free, no obligation, confidential consultation.

» Effects of filing a consumer proposal in Calgary, Edmonton Alberta


Centrium Place
332 - 6 Avenue SW, Suite 1100
Calgary Alberta T2P 0B2
T 310-8888
3 other Calgary locations
13 Alberta locations

1701 Scotia Place Tower 2
10060 Jasper Avenue
Edmonton, Alberta T5J 3R8
T 310-8888
3 other Edmonton locations
13 Alberta locations


All locations

© 2017 Grant Thornton Limited, Licensed Insolvency Trustees. All rights reserved. • Consumer Proposal in Calgary, Edmonton, Alberta

back to Bankruptcy Alberta home

Confidential callback from one of our bankruptcy and debt help experts

Please call me

As soon as possible
Today at
Next business day at

My Phone # 



Ask for  


back to Bankruptcy Alberta home

Make an appointment


- -


Preferred Date (dd/mm/yy)