Canadian legislation provides consumer debtors with a number of alternatives to dealing with debt crisis, which may include:
A Proposal (Division II) to one's creditors; A Personal Bankruptcy; or accessing Orderly Payment of Debts services.
Personal Bankruptcy is an option available when other avenues cannot solve an individual's personal credit problems. Bankruptcy enables a debtor to discharge most debts and start one's financial life again. It is intended to be rehabilitative when debtors get over their financial heads.
Our Debt Crisis Booklet outlines possible solutions available to you and their implications.
Attachments
Debt Crisis Booklet
PDF File: 24 pages
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