- Help Center
- Debt Repayment Options
- Debt Management Program (DMP) - Offered through Credit Counselling Society
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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
When is a Debt Management Program not a viable option?
There are two instances when a Debt Management Program may not be viable.
- If you cannot afford the monthly payments because the amount of debt is too high.
- If you owe debt to the Canada Revenue Agency.