Court Debt Repayment Plans can shield Clients from Interest and Creditors

There are many debt relief options available to Canadians – consolidation loans, debt management programs, consumer proposals and bankruptcies, but one lesser-known solution is an Orderly Payment of Debts (OPD), also called a Consolidation Order. The reason this debt relief tool is often overlooked it’s not available across the entire country. You may only file an OPD if you reside in Alberta, Saskatchewan, PEI, and Nova Scotia. The legislation that allows for OPDs is Section X of the Bankruptcy and Insolvency Act.