Common Questions

I’m thinking about declaring bankruptcy

There are a number of options for dealing with debt, including:

  • getting financial counselling
  • using a debt management program, which involves a written agreement between you and the lender
  • consolidating or refinancing your debts
  • making a proposal to your creditors under Canada's bankruptcy laws
  • as a last resort, declaring personal bankruptcy

Good starting points include:

See our related common questions:

Last reviewed December 2016

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