Smith Cageorge Bailey Inc

10/22/2026

One question we hear often:
“How long will a consumer proposal stay on my credit report?”

The answer can depend on the credit bureau and how the information on your accounts is reported.

For example, TransUnion states that a consumer proposal and the accounts reported as satisfied through it are removed three years after the proposal is satisfied or six years after the account was first defaulted on, whichever comes first.

Credit reporting is one of the factors worth understanding when considering a consumer proposal.

A Licensed Insolvency Trustee can explain how the consumer proposal process works and what it may mean for your financial situation. You can also review your credit reports to see how information is being reported by each credit bureau.

Calgary | Serving all of Alberta

Book a free, confidential consultation.

10/20/2026

Did you know? A consumer proposal can be paid off early without a prepayment penalty.

If you’re able to make additional payments during your consumer proposal, you may be able to complete it sooner than originally planned.

Paying it off early doesn’t change the amount agreed to under the proposal-it means completing your required payments sooner.

If you’re currently in a consumer proposal and are considering paying it off early, speak with your Licensed Insolvency Trustee about your remaining balance and payment terms.

Have questions about how consumer proposals work? Our team can help you understand the process.

📍 Calgary | Serving all of Alberta

10/16/2026

Can payday-loan debt be included in a consumer proposal?
In many cases, payday loans are unsecured debts that can be included along with other eligible unsecured debts in a consumer proposal.

A consumer proposal is a formal process under Canada’s Bankruptcy and Insolvency Act. Depending on your financial circumstances, it may allow you to offer creditors repayment of a portion of what you owe, extend the time to repay, or both.

But a consumer proposal isn’t automatically the right option for everyone.

If payday loans or other debts have become difficult to manage, a Licensed Insolvency Trustee can review your financial situation and explain the options that may be available to you.

Calgary | Serving all of Alberta

Book a free, confidential consultation.

10/14/2026

With 25 years of experience in the insolvency profession, Senga Bailey continues to stay connected with the professional community around her.

Senga, a Licensed Insolvency Trustee at SCB Debt Solutions, is a member of AAIRP the Alberta Association of Insolvency and Restructuring Professionals.

Membership in professional organizations like AAIRP provides opportunities to connect with others in the field, exchange knowledge, and stay engaged with Alberta’s insolvency and restructuring community.

It’s one of the ways Senga continues her professional involvement in the field she has worked in for more than two decades.

Calgary | Serving all of Alberta

10/12/2026

Happy Thanksgiving from all of us at SCB Debt Solutions. 🍂

Wishing our clients, colleagues, and communities across Alberta a wonderful Thanksgiving.

10/08/2026

https://www.msn.com/en-ca/money/economy/canada-groceries-and-essentials-benefit-pays-oct-5-why-some-canadians-won-t-get-a-cheque-this-time/ar-AA2dLByn?ocid=entnewsntp

The CGEB lands Oct. 5 with up to $222.50 for couples and $169.75 for singles. Check eligibility rules

10/07/2026

🍂 Fall is a good time to check in on your finances.

As routines change and year-end approaches, take a moment to look at your financial picture.

-Are your debt payments still manageable?
-Are you relying more on credit for everyday expenses?
-Do you know how much interest you're paying?
-Are there expenses coming up before year-end that you need to prepare for?

Looking at your debt, payments, spending, and upcoming expenses together can give you a clearer picture of where you stand.

If debt has become difficult to manage, a Licensed Insolvency Trustee can review your financial situation and explain the debt-relief options that may be available to you.

📍Calgary | Serving All of Alberta

Book a free, confidential consultation.

10/05/2026

Professional development and connection within the insolvency profession are important parts of staying informed and engaged.

We’re proud to highlight Senga Bailey, Licensed Insolvency Trustee, and her membership with the International Women’s Insolvency & Restructuring Confederation (IWIRC).

IWIRC brings together women working across insolvency and restructuring, creating opportunities for professional connection, knowledge sharing, and continued engagement with the field.

For Senga, being part of this professional community is another way to stay connected with colleagues and conversations across the insolvency and restructuring profession.

📍Calgary | Serving all of Alberta

10/04/2026

We’re proud to be featured in The Best Calgary’s 2026 list of the 9 Best Debt Consolidation Services in Calgary.

The listing highlights SCB’s personalized approach, free confidential assessments, financial education, and guidance from Licensed Insolvency Trustees.
For us, this recognition reflects what matters most: helping people understand their financial situation and the debt options available to them before deciding what comes next.

If you’re dealing with debt and aren’t sure which direction to take, our team can help you understand the options that may apply to your circumstances.

Calgary | Serving all of Alberta
Book a free, confidential consultation.