Turn the page on debt.

Bankruptcy could help you start a new chapter.

No obligation and confidential

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No obligation and confidential

Find peace of mind

Take the weight off your shoulders and free yourself from the stress and anxiety of unmanageable debt.

Simplified payments

Bankruptcy reduces your debt obligations into affordable, interest-free monthly payments that you make directly to your Licensed Insolvency Trustee.

Prevent legal action

Filing for bankruptcy will stop creditors from seeking collections, garnishing wages or threatening further legal action.

Take control

Bankruptcy is a chance to wipe the slate clean and an opportunity for a new beginning. You’ll learn how to manage your money without relying on credit.

What Canadians are saying

- Ellen, Ontario

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BDO has helped Canadians with their debt since 1958. Our friendly, experienced Licensed Insolvency Trustees and debt counselors are located in over 120 offices across Canada. We are ready to help you regain control of your finances and leave debt behind.

Bankruptcies can alleviate many sources of stress in Canada

Why Canadians choose BDO for debt relief

  • 60+ years of experience 
  • Over 120 offices across Canada 
  • Over 380 debt counselors 
  • 55,000 Canadians helped in last 5 years alone 
  • Winner of Consumer Choice award 
  • Licensed by the Canadian federal government 
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“With my BDO debt solutions plan, I will be debt-free sooner than I ever could have hoped for... I have the weight of the world off my shoulders”

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No obligation and confidential

Ready to get ahead of your debt?

Book your free consultation with our friendly, experienced debt counsellors today.

If you currently owe more to creditors than you earn, cannot pay your bills or make monthly debt payments without using credit or your wages are being garnished, bankruptcy might be the most effective solution for finding relief.

Who qualifies for bankruptcy?

Bankruptcy is immediate relief when you can no longer pay back your debts.

Bankruptcy will affect your credit for six to seven years. However, your LIT will explain how you can start rebuilding your credit almost immediately. A bankruptcy will also free up significant resources so you can better meet your immediate needs and start saving for the future.

Long-term benefits outweigh temporary consequences.

Bankruptcy is not as scary as you think

What happens in the free consultation?

After filling out the contact form, one of our debt professionals will contact you to schedule your initial consultation, which will typically last 30 to 60 minutes. During this first meeting, you’ll meet with a BDO debt counselor who will start by listening to your financial situation. Once we have a clear picture of your income, assets and debt, we will explain all possible solutions and help you develop a plan to resolve your debt that is right for you.

How do I know when I need help with my debt?

Common signs that you may need help paying your debt include using one credit card or line of credit to pay off another and frequent late or missed payments. You may be living paycheque to paycheque, asking your friends or family for financial help or receiving calls from creditors. Most importantly, if you are feeling stressed and anxious about your financial situation, it is important to seek debt help sooner rather than later.

What’s different about BDO compared to other debt help providers?

BDO has been helping Canadians find the right solution to their debt problems since 1958, with more offices across Canada than any other debt help provider. We understand that debt can be financially and emotionally stressful. Our debt professionals are fully licensed by the Canadian federal government, which means we can help you with plans that non-licensed entities cannot. Only a Licensed Insolvency Trustee can file a consumer proposal or bankruptcy on your behalf.

Will I have to go bankrupt?

Not necessarily. Everyone’s situation and circumstances are different, and our team of debt professionals will always create the most effective plan for you based on your unique needs. Bankruptcy is only explored after all other debt solutions are ruled out. However, if you and your debt counselor agree that bankruptcy makes the most sense, a BDO Licensed Insolvency Trustee will guide you through the process from start to finish.

Frequently Asked Questions

If you have any other questions, our debt counsellors and Licensed Insolvency Trustees would be happy to advise you on the free consultation.

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3 things you should know about filing for bankruptcy

Once you have decided to file, an LIT will file the paperwork and notify your creditors. You will be required to make monthly payments to your LIT for the duration of the bankruptcy. With the help of a credit counselor, you will learn to manage your financial well-being during and long after your bankruptcy.

Your Licensed Insolvency Trustee (“LIT”) is your guide.

What happens during a bankruptcy?

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