Debt Repayment Options
Advantages and Disadvantages of each option, as well as when each option is viable.
Informal Agreement with Creditors
Debt Management Program (DMP) - Offered through Credit Counselling Society
Orderly Payment of Debts (OPD) - Offered through Money Mentors
Consumer Proposal (debts less than $250,000, excluding principal residence mortgage)
Division I Proposal (debts over $250,000, excluding principal residence mortgage)