You must observe the consolidation procedure and meet the following criteria:
The bank will request a copy of your monthly expenses to determine if you can meet your payment obligations.
You must be employed, or have a source of income that will enable you to repay the loan.
The filing of a proposal stays all legal actions undertaken or contemplated by unsecured creditors.
Your bank may request a co-signor or collateral (house, car, boat etc...).