BNA Debt Solutions

Every year, thousands of Albertans seek help for managing their debt. Our team of Licensed Insolvency Trustees are highly trained professionals who specialize in creating personalized solutions to help you start fresh and reach financial stability.

With a strong background in finance and law, ongoing assessments, and practical experience—our qualified consultants are dedicated to providing you with the most informed advice.

Take your first step towards financial recovery today:

What Services Does a Licensed Insolvency Trustee Offer? Each year, thousands of Albertans seek guidance to navigate the complexities of debt. BNA's Licensed Insolvency Trustees are accredited professionals who und...

Many Albertans are turning to side hustles and second jobs to bring in extra income. But have you ever wondered if that extra cash is taxable? 💸
Check out our latest blog post to find out if income from your side hustle or second job is taxable. Don't let tax season catch you off guard - educate yourself and stay informed!

Is Income From Side Hustles Taxable? | BNA Debt Solutions Learn about what qualifies as taxable income, reporting requirements, and tips to manage your taxes effectively in our latest blog post.

"For those with outstanding tax debts, the financial penalties have escalated significantly. Fines and interest charges imposed by the Canada Revenue Agency have nearly doubled over the past two years.” – Barry Nykyforuk, President & Licensed Insolvency Trustee at BNA.

As tax filing deadlines approach, we’re offering valuable insights to avoid extra costs. Read more about the hefty penalties that accompany unpaid taxes in our new blog: https://hubs.la/Q02qFkXk0

According to Melanie Goulet, a LIT with BNA Debt Solutions, unscrupulous businesses are misleading vulnerable Albertans into paying for unnecessary services – costing thousands. Among her advice:
💸 Never Pay Upfront
🌙 Question Those Who Promise the Moon
⁉️ Ask “Who is the LIT?”
🧑🏽‍💻 Search the Name of The LIT or Administrator

Learn about the deceptive tricks they’re using and how to avoid them in our latest blog: https://hubs.ly/Q02lmTSd0

Two new studies show alarming stats on rising household debt in Canada. Read our latest blog to see where Canadian borrowing levels sit and see how you compare.
https://hubs.la/Q029P-yB0

Are you overdue for a winter vacation? BNA shares some valuable advice to help you determine if you can truly afford it at this time of runaway inflation. Plus, we provide tips on reducing vacation costs to fit your budget: https://hubs.la/Q025Q5KX0

It’s often reported that inflation is disproportionately impacting low-income earners. We explore why middle-class and higher-income Albertans are feeling the squeeze and how this is leading to a record number of Consumer Proposal filings: https://hubs.la/Q022rKx30

What happens if you file a bankruptcy but never receive a discharge? Learn how it can happen, how common it is, and what you can do about it:

Living with an Undischarged Bankruptcy | BNA Debt Solutions Just because you file for bankruptcy, doesn’t mean that you’ll receive an automatic discharge. Uncover some of the challenges with unresolved bankruptcies.

Whether you're trying to get out of debt or afford your dream vacation, a little money advice doesn't hurt. Check out some helpful tips from the Canadian government on how to improve your financial health:

Money Tips to Improve Your Financial Health | BNA Debt Solutions Whether you’re trying to get out of debt or afford your dream vacation, a little money advice never hurts. If this is the year you’ve decided to get your finances in order, consider these helpful tips.

If you’re trying to pay down debt and need help, it can be tempting to work with someone who promises to fix the issue fast. But be careful – these "quick fixes" could end up costing you more down the line.
Our best advice? Talk to an LIT. Our latest article goes into the reasons why:

How to avoid paying unnecessary fees | BNA Debt Solutions Many of us are struggling with debt. Instead of turning to an unregulated, unlicensed debt advisor, consider speaking with a LIT to help resolve debt.

With so much noise all around us regarding finances, it can be overwhelming and challenging to decide whose advice you can trust.
The Government of Canada has provided some helpful tips on how to spot sketchy debt advice, along with some warning signs to help you avoid falling for a scam. Check it out here:

How to spot sketchy debt advice | BNA Debt Solutions Between the high cost of living, many of us are struggling with debt. Learning the warning signs and red flags can help you avoid falling for a scam.