WHAT WE DO
DEBT HELP
With the cost of living, house prices, child care and education all soaring, many families are worried about their rising debt loads. Learn about all debt management options available to take control now before problems arise.
CONSUMER PROPOSALS
Sometimes debt problems can’t be solved by budgeting, debt consolidation or various debt management plans. When this is the case, many fear that bankruptcy is the only option. Consumer Proposals are an alternative to bankruptcy, allowing you to protect your assets and get immediate relief.
BANKRUPTCY
Even though it is considered a ‘last resort’ in solving debt problems, bankruptcy can actually be the most suitable debt solution for some individual circumstances. Offering immediate legal protection and the ability to start rebuilding quickly, it is helpful to learn the facts.
RESOURCES
The starting point to putting a debt relief plan in place is assessing where you stand and having the information to know what the next steps should be. Our resources page provides you with the tools, worksheets and links necessary to get you started with confidence.
WHO WE SERVE
INDIVIDUAL DEBT HELP
You may have come across a variety of options while looking for ways to help you with debt. With so many solutions to choose from, it can be hard to know which one is right for you. To help you learn more about your options, we’ve provided an overview of the following debt relief methods and how they can apply to you.
BUSINESS DEBT HELP
Many businesses can face unexpected financial problems after experiencing changes in the economy, changes in their market, or changes within the company. Whether you are a small business owner, self-employed, or a large corporation, BDO’s business restructuring professionals recognize you need to address issues quickly to ensure the viability of the business.
FINANCIAL WORKSHOPS
BDO’s financial experts facilitate group workshops that provide participants with tools & resources to improve their financial literacy and stay on track. This financial education may be offered as a supplement to an existing EAP, and workshop topics are customized to each organization, based on your needs, covering real life financial education that directly benefits participants.
WHAT’S NEW AT BDO
What you need to know about CERB tax
Is CERB taxable? If so, how much tax will I pay? These are some of the questions Canadians are trying to figure out ahead of tax season. Get answers here.
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Finding debt relief after a health crisis
Finding debt relief can be a vital safety net in times of crisis. Here is a real debt story about how a consumer proposal and bankruptcy helped one couple in financial difficulty.
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Am I responsible for my spouse’s debt?
Finding out that your soon-to-be spouse has a lot of debt can be shocking, but it can also leave you wondering how that debt will affect your finances. Debt can have a lasting impact on the financial and emotional health of a married couple, so the more you know about your individual and joint debt obligations the better. Here are answers to five common questions about how to deal with debt in your marriage.
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BDO DEBT SOLUTIONS TWITTER
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Did you get a suspicious email, phone call, or text message from someone claiming to be CRA? This is likely a #scam. CRA may call if they previously wrote to you, but it is best to go to the CRA website before making any payments. #CRAscam
Talking about finances and debt with your partner can be difficult, but it doesn’t have to be. Approach the conversation with honesty, understanding and a willingness to work together. https://t.co/TcdaxrENTV
#DebtStory #RelationshipsAndMoney
Myth: All debts are included in a bankruptcy.
Fact: Mortgages and other fully secured loans cannot be included, and student loans are not included if they are less than 7 years outstanding.
#Mythbusting #Bankruptcy #StudentLoans
It's more important now than ever to be mindful of your spending. The Joy of Missing Out could be a great way to put your spending into perspective during difficult times. What is the Joy of Missing Out? Click here to find out: https://t.co/rSTifWJzgG
Are you worried about your debt? You can learn about your options by phone or videoconference during a free consultation with a BDO debt professional. #StayHomeStaySafe
Debt Help in Canada | BDO Debt Solutions
Each year, BDO helps thousands of Canadians take control of debt. We will review your financial situation and recommend a debt solution that fits you.
debtsolutions.bdo.ca
Debt stress is real. If your growing #debt load is keeping you up at night, take the time to learn about your debt relief options.
Financial literacy can include any number of things, like learning how to budget, build an emergency fund, pay down debt, invest for retirement planning or access and understand your credit report. https://t.co/aXiPN2y0KM #CreditScore #BillPayments #CreditRepair
Myth: Anyone can file for bankruptcy.
Fact: While bankruptcy is a viable option for some, it is not the solution for everyone. A licensed insolvency trustee will go through all your options before recommending bankruptcy as a last resort.
#Mythbusting
TESTIMONIALS
