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St. Albert Bankruptcy: Imagine your life debt free! St. Albert Bankruptcy: We have helped over TEN THOUSAND people get a fresh start! St. Albert Bankruptcy: We're friendly and easy to talk to.

St. Albert Bankruptcy: Imagine your life debt free!

St. Albert Bankruptcy: We have helped over TEN THOUSAND people get a fresh start!

St. Albert Bankruptcy: We're friendly and easy to talk to....

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Debt Repayment Calculator

A Consumer Proposal is an option most people in financial difficulty don’t know about, but should. This website, its contents, and its principals, are committed to informing people about the Consumer Proposal option and advising them how they can avoid having to file bankruptcy and keep control over their lives, assets and finances.

Enter your total unsecured* debt and see the results below.

$
* Unsecured debt includes your normal bills, credit cards, lines of credit, bank overdrafts, and other unsecured personal loans (excluding student loans). It does not include mortgages or car loans which are normally secured by liens or charges against your assets or property.
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Repay Debt on Your Own

Per month, over 5 years
  • Assume that you will pay back your unsecured debt in full
  • Pay back period: 5-years
  • Interest rate: 20% compounded annually

Debt Consolidation

Per month, over 5 years
  • Assume that you will pay back your unsecured debt in full
  • Pay back period: 5-years
  • Interest rate: 12% compounded annually

Credit Counseling

Per month, over 5 years
  • Assume that you will pay back your unsecured debt in full
  • Pay back period: 5-years
  • Interest rate: 5% compounded annually

Debt Settlement

Per month, over 5 years
  • Assume that you will pay back 100% your unsecured debt in full
  • Pay back period: 5-years
  • Interest rate: none

Consumer Proposal

Per month, over 5 years
  • Assume you will need to repay a minimum of 50% of your total unsecured debt
  • Pay back period: 5-years
  • Interest rate: none
If you can’t afford any of these options, personal bankruptcy might be right for you.
In general, a Consumer Proposal is a suitable option in situations when a person’s debts exceed $10,000, to a maximum of $250,000.

The Cameron-Okolita Inc. Debt Repayment Calculator can help you identify what your financial obligations might be under different financial options and scenario(s).