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Consumer Proposals
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Personal Bankruptcy
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Debt Repayment Options
- Do Nothing
- Debt Consolidation Loan
- 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)
- Bankruptcy
In a Bankruptcy, do I need to file my taxes?
Your Trustee is required to file your taxes for the year in which you file for Bankruptcy, and one year prior if unfiled.
You are responsible to file your taxes for any years prior to this and for all future years.