Choose a Canadian Bankruptcy Trustee.
The Canada Bankruptcy Trustee will help you prepare a Statement of Affairs which lists all of your assets, creditors, income, expenses and other pertinent information.
Your finances will be reviewed and the Trustee will assist you in preparing a proposal to your creditors.
After you make your proposal in Canada, most creditors are no longer able to pursue you for collection of their accounts.
Public utilities may not discontinue service.
You make your payments to the Canadian Trustee who will pay your creditors until the terms of your proposal have been met.
You will be required to attend two financial counselling sessions.
Once you have met the terms of your proposal, you will receive a document stating that you completed your proposal and you will have no further obligation for the debts covered in your proposal.
This site provides free information about personal bankruptcy in Canada and personal bankruptcy alternatives in Canada.