Consider the following options to help manage your debts
Work it out yourself with personal budgeting
Consolidate your bills by borrowing more money from a debt consolidation lender
Contact debt management consultants such as non-profit consumer credit counseling services
Make a consumer proposal to your creditors
File for bankruptcy
For example, you may require a debt consolidation loan to consolidate your debts into one monthly payment; or, you may need consumer credit counseling. It is also possible that you will need to sell your house or your car to reduce your monthly expenses. Consulting with a licensed bankruptcy trustee about filing a formal consumer proposal to your creditors might be something that would help you.
An experienced bankruptcy trustee can help you analyze each of the available options against your specific circumstances and then you can make an informed decision in choosing a debt management solution that is best for you.