Debt management

debt consolidation; debt management; bankruptcy; consumer proposal

Debt, as you know, is a struggle against interest payments. Every month, you fall further behind. And once your debt rises above $20,000, it becomes very hard to pay down the interest.

According to statistics Canada, the ratio of household credit market debt to adjusted disposable income crept up to 166.9 percent in the third quarter, up from 166.4 percent in the second quarter. That means, on average, Canadians owed $1.67 in credit market debt— mortgages, other loans and consumer credit—for every dollar of disposable income.

It’s sad to see so many Canadians struggling to manage their finances. And when it comes to debt, things become really murky.

Your debt solution will likely be one of the following:

Consumer Proposals

A viable restructuring option for over 45,000 Canadians a year, a Consumer Proposal allows the consumer to seek legal protection from their creditors and pay back only a portion of what is owed.


Seeking bankruptcy protection is occasionally the only option. Our consultants will help you through it, and show you how to avoid it ever happening again.

Our partners at 4 Pillars offer a variety of consultation services specific to people in debt. They will outline the options available to you and walk you through the process.

Contact us for more information.

Let us help you.