If you came to this page, chances are you know you need financial help already. You will find realistic answers about your money problems, debt problems, financial problems and Personal Bankruptcy options
An illness, a layoff, divorce, or unexpected bills are just a few reasons why you may be unable to pay your bills on time. Here is up to date and accurate information on what you should do if you fall behind on your debts
The solutions to your money problems are in these pages. You have several options. Please review them and choose the best answer for you.
You cannot run or hide from your debts. You cannot ignore them They will not go away. It is far better to face the music and deal with your problem head on. You will feel better and live better if you do.
Know You Are Not Alone.
Over 110,000 Canadians declare bankruptcy and get a fresh start and a clean slate every year. Most are glad and relieved they did. The focus of the process is to help you organize your finances and develop new skills. It is not intended to punish an honest individual for their misfortunes or mistakes
A Consumer Proposal is a means to negotiate with your creditors for the reduction of your debts and/or extension of time for payment of their debts.
A Trustee in Bankruptcy is required to make a legal Consumer Proposal. It is a very good option to actually declaring bankruptcy provided you can honour the commitment you make in your proposal to creditors. If you do not, you can be forced into bankruptcy
The payment schedule that is created in consultation with a your advisor is based on your income, living expenses and family size.
It prevents your creditors from taking legal actions to seize assets or garnishee wages.