Debt Help in Canada | BDO Canada Debt Solutions
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Debt Help

We know that having debt can be an emotional subject. But, it’s important to remember that you are not alone. And the earlier you seek help with debt, the more debt relief options you will have available to you.

Whether you want to learn about paying down debt on your own through budgeting and debt consolidation or you feel you have reached a point where you’re having trouble making your monthly debt payments, our Licensed Insolvency Trustees will do everything we can to make sure you are being helped in a supportive environment and able to discuss your financial situation.

We will work to provide you with a tailored solution for your debt so that you can have an affordable repayment plan and allow for financial security and protection for you and your family.

What are all my options for debt relief?

Depending on your financial situation, you might be able to create a plan to pay off your debt through do-it-yourself strategies like reviewing your household budget or debt consolidation. However, if these strategies would not work for your personal situation, there are many other formal debt relief solutions available to you through professional organizations. By learning more about these solutions, you can make an informed choice and find the one that best fits your needs.

Do-it-yourself debt relief options can include paying down debt with a clearly outlined household budget, prioritizing debt repayment. You can use our helpful worksheets or debt calculator to help you determine how long it would take you to repay your debt.

In addition to do-it-yourself options, our debt professionals will walk you through formal solutions for debt control like a debt consolidation loan, a debt management plan, a debt settlement plan, and a consumer proposal to find the option that works best for your personal financial situation. We always look at filing for bankruptcy after exploring all your other debt relief options first.

How can I learn more about which option is right for me?

You can download our debt options booklet or visit our Debt Relief Options page to learn more about which debt relief option applies to you.

We want to make sure that you understand every debt solution available to you and your family and we will take the time to explain how each one applies to your personal financial situation. You may contact our local Licensed Insolvency Trustees by booking a free initial consultation at any time.

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Licensed Insolvency Trustees Since 1958