A: Orderly payment of debt is a great option under the Bankruptcy and Insolvency Act for people in debt. This program allows you to consolidate your debts and pay them off at 5% interest over 4 years. At the end of the program, your debts are completely paid off. During that time, you are protected from creditors and your counsellor deals with your creditors on your behalf. Because you are required to pay off the debt, you must have a source of income to participate in this program.
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