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Government Debt Management Programs

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Government Debt Management Programs

These programs allow consumers and businesses to consolidate and reduce their debt with one monthly payment at zero percent interest.

The two government programs are Personal Bankruptcy and Consumer Proposal.

Which programs have a Government connection and what is the connection?

 

Bankruptcy

Bankruptcy is governed by federal legislation called the Bankruptcy and Insolvency Act

 

Credit Counselling / Debt Management Program

Any organization that provides this program must be registered with the government as a non-profit organization

 

Consumer Proposal

Consumer Proposals are governed by federal legislation called the Bankruptcy and Insolvency Act

 

Debt Settlement

Many provinces have now updated their consumer protection laws to include debt settlements. Provinces now typically require organizations that offer this service to be licensed

 

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Debt Relief Canada provides individuals across Canada with solutions to reduce and eliminate debt.
Contact us for a free, no obligation consultation.
Toll Free: 1.855.305.9940

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