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 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 Proposals are governed by federal legislation called the Bankruptcy and Insolvency Act
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
Are you ready to be debt free?
Debt Relief Canada provides individuals across Canada with solutions to reduce and eliminate debt.
Contact us for a free, no obligation consultation.
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