Alternatives to Bankruptcy in Canada
Before Declaring Personal Bankruptcy Check Out Your Other Options
In Canada personal bankruptcy is often something that people think they have to do when they are over their head in debt. However, before going down this path and declaring bankruptcy, it’s wise to get an objective opinion about your financial situation. A lot of Canadians don’t know that a number of alternatives to bankruptcy are available in all provinces. It’s always in your best interest to explore all your options and inform yourself. It is also important to find out what assets you may have to give up if you file for bankruptcy and how long it can take to rebuild your credit after the bankruptcy process is finished.
Bankruptcy Alternatives in Canada
Click on any of the topics below to learn more about these bankruptcy alternatives. All of them except for Orderly Payment of Debts (OPD) are available across Canada:
- Debt Consolidation Loan
- Debt Management Program (Payment Consolidation)
- Orderly Payment of Debts (OPD)
- Consumer Proposal
Everyone’s Financial Situation is Different
Bankruptcy isn’t a magic pill that can make everyone’s problems go away. It can be a bitter pill to swallow, and many times it doesn’t make financial sense for a lot of people. The bottom line is that you need to find out what will work best for your situation, and a non-profit credit counselling service can help you. One of their professionally certified Credit & Debt Counsellors can provide you with an objective, confidential and non-judgmental assessment of your financial situation. As part of this analysis they will explain to you what other options may be available to you along with other important about information bankruptcy. If any of the bankruptcy alternatives listed above make sense for your situation, they will be sure to discuss those options with you. Click here to find a non-profit credit and debt counselling service near you.
Alberta Bankruptcy Information about Alternatives & Options
- Edmonton Personal Bankruptcy Options & Alternatives
- Calgary Alternatives to Declaring Bankruptcy
- Red Deer Bankruptcy Options & Alternatives
- Lethbridge Help with Exploring Personal Bankruptcy Options
- Medicine Hat Options and Bankruptcy Alternatives
- Grande Prairie Help Exploring Personal Bankruptcy Alternatives
- Fort McMurray Debt Solutions Other Than Bankruptcy
British Columbia Information on Alternatives to Filing for Bankruptcy
- Vancouver, BC Help Finding Bankruptcy Alternatives
- Burnaby Options & Information to Avoid Bankruptcy
- Coquitlam Help & Information About Bankruptcy Alternatives
- Surrey, BC Help with Personal Bankruptcy Options
- Langley, BC Help Exploring Personal Bankruptcy Alternatives
- Maple Ridge Alternatives to Filing for Bankruptcy
- Richmond, BC Bankruptcy Help & Info
- Victoria, BC Options & Alternatives to Filing Personal Bankruptcy
- Nanaimo Help Exploring Bankruptcy Options & Alternatives
- Campbell River, BC Bankruptcy Information & Options
- Kamloops Solutions to Declaring Bankruptcy
- Vernon Bankruptcy Options Help
- Kelowna Bankruptcy Alternatives & Options
- Penticton Different Solutions to Bankruptcy
- Abbotsford Options to Avoid Declaring Bankruptcy
- Mission Bankruptcy Alternatives & Options
- Prince George, BC Alternatives to Bankruptcy
- Castlegar Bankruptcy Information & Help
Manitoba Personal Bankruptcy Options & Alternatives
Ontario Information about Bankruptcy Options & Alternatives
- Toronto Help with Personal Bankruptcy Options
- York Region Alternatives to Bankruptcy Services
- North York Help when thinking about Filing for Bankruptcy
- Etobicoke Personal Bankruptcy Alternatives & Options
- Scarborough Help when Considering Claiming Bankruptcy
- Halton Region Options Other Than Bankruptcy
- Region of Peel Help & Options to Avoid Bankruptcy
- Durham Region Bankruptcy Alternatives
- Burlington Alternatives to Declaring Personal Bankruptcy
- Oakville Help when Considering Declaring Bankruptcy
- Milton Bankuptcy Options & Help
- Brampton Help when thinking about Declaring Bankruptcy
- Mississauga Alternatives to Claiming Personal Bankruptcy
- Vaughan Options to Work Around Bankruptcy
- Thornhill Alternatives to Bankruptcy Services
- Richmond Hill Help when thinking about Filing for Bankruptcy
- Markham Personal Bankruptcy Alternatives & Options
- Aurora Help when Considering Claiming Bankruptcy
- Newmarket Options Other Than Bankruptcy
- Pickering Help when Considering Declaring Bankruptcy
- Oshawa Bankuptcy Options & Help
- Ajax Bankruptcy Alternative Options & Help
- Whitby Help when thinking about Declaring Bankruptcy
- Ottawa Ontario Help with Personal Bankruptcy Options
- Kanata Options to Work Around Bankruptcy
- Kingston Ontario Options to Work Around Filing for Bankruptcy
- Belleville Ontario Help with Options Other Than Bankruptcy
- Kitchener Personal Bankruptcy Alternatives & Options
- Waterloo Ontario Alternatives to Filing for Bankruptcy
- Guelph Help & Options to Avoid Bankruptcy
- Cambridge Ontario Alternatives to Declaring Bankruptcy
- Hamilton Bankruptcy Alternatives
- London Ontario – Alternatives to Declaring Personal Bankruptcy
- Thunder Bay Alternatives to Bankruptcy Services
Saskatchewan Information on Alternatives to Filing for Bankruptcy
- Regina Help Exploring Bankruptcy Options & Alternatives
- Saskatoon Assistance with Bankruptcy Alternatives
- Prince Albert Personal Bankruptcy Alternatives & Options
- Moose Jaw Help when Considering Claiming Bankruptcy
- Lloydminster Options Other Than Bankruptcy
- Yorkton Help when thinking about Declaring Bankruptcy
- Swift Current Alternatives to Claiming Personal Bankruptcy
- North Battleford Options to Work Around Bankruptcy
- Estevan Alternatives to Bankruptcy Services
- Weyburn Help when thinking about Filing for Bankruptcy
Yukon Alternatives to Filing for Bankruptcy
Northwest Territories Help when Considering Declaring Bankruptcy
Nunavut Bankruptcy Alternative Options
Non Profit, Confidential Bankruptcy & Credit Counselling Information & Advice in City, Province
To get more information about bankruptcy and find out if it may be a worthwhile option for your situation, make an appointment to speak with a non-profit Credit Counsellor. If you and your Counsellor determine that bankruptcy is your best option or if your situation calls for the advice of a bankruptcy trustee, your Counsellor will refer you to a quality trustee in your community.
Related Links
I was looking for
I was looking for alternatives and searching on the internet brings me here. I was about to declare bankruptcy because of my debts, especially with my credit cards. I am a shopaholic and now I am down because of debt but I do have investments too. Thank you for this blog.