FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

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How can we help you?

If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

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Debt management program

I have been in a debt management program for two years . I have approx 3 years to go. Based on my income I pay 1200 a month. I had 60,000 in debt and now have paid approx 20,000. For the past 5 years I have been working 7 days a week /12hr days.I work 80-85 hours a week and receive time and a half after 45 hours. The company has decided to end overtime in december . I will now be paid for a 40 hr week. My net income will be reduced from 3600/month to 1600/month.I will not be able to pay 1200 month to the counselling service. Can my counselling service help me with bankruptcy or a proposal or do I need to go through a Licensed Insolvency Trustee

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One Response to “Debt management program”

A licensed trustee said...

Yes, a debt management program results in the same credit rating as a proposal – R7. Spend some time on either the Equifax or Trans Union websites if you require more infomration about credit ratings…