July 3, 2018
Having trouble paying down your debts? For many of us, becoming debt-free is a milestone we hope to achieve. Understanding your options for getting out of debt — and knowing your legal rights — is a good starting point on the road back into the black.
We’ve published new pages on getting out of debt to help you learn steps you can take to become debt-free:
You have options for getting out of debt: Learn about your options for paying off your debts.
People who can help you get out of debt: There are professionals who can help you become debt-free.
Budgeting out of debt: A little organization goes a long way in solving money problems.
Consolidating your debts: Simplify your finances by combining all your payments into one.
Negotiating payment terms: Learn how to negotiate an agreement with your creditors to help you make payments.
Negotiating a debt settlement: Pay your debts off in one lump sum that’s less than the total value of the debts you owe. Learn how to negotiate a debt settlement.
Making a consumer proposal: Learn how to make a proposal to your creditors to eliminate your debts.
Declaring bankruptcy: Your option of last resort. Learn how to declare bankruptcy.
Thanks to North Vancouver lawyer Mario Garcia, Vancouver lawyer John C. Fiddick, and retired Vancouver lawyer Katherine Wellburn for reviewing this information for legal accuracy.