DebtNorth
Free Debt Relief Assessment Tool for Canadians
Compare the questions that matter across consumer proposals, bankruptcy, consolidation, and do-it-yourself options. Answer 6 simple questions and get a planning summary instantly.
Use the assessment to organize your income, assets, debts, creditor pressure, and province. It provides a starting point for research and a conversation with a qualified adviser; it does not approve a filing, predict savings, or replace professional advice.
Your Fresh Start Bundle
Questions to verify for your next step
This is a planning signal based on your answers, not a qualification or savings decision. Review the assumptions and confirm the next step with a qualified adviser.
Your Situation Summary
Optional Next Step
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Your Financial Freedom Journey
Follow these steps to transform your finances
Why This Solution Fits Your Situation
What If I Do Nothing?
The consequences of waiting depend on the debt, notices, security, province, and creditor action. Identify the event and get advice before assuming a filing or other option will change it.
Compare Your Options
| Factor | Consumer Proposal | Bankruptcy |
|---|---|---|
| Debt Reduction | File-specific offer | File-specific process |
| Home Equity | Review equity and secured debt | Review provincial rules and equity |
| Monthly Cost | Not estimated | File-specific costs and obligations |
| Timeline | Terms vary; maximum terms are governed by law | Depends on the file and circumstances |
| Credit Rating | Credit impact and reporting are file- and bureau-specific | Credit impact and reporting are file- and bureau-specific |
Results are informational. No savings, approval, or asset outcome is promised.
Common Questions About Your Results
Ready to Start Your Journey?
Use this summary to prepare for the next safe step. A qualified adviser can confirm what applies to your file.
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Read: Consumer Proposal Complete Guide →How the Debt Assessment Works
Our assessment organizes your debt, assets, income, cash flow, creditor pressure, and province so you can compare possible next steps.
Take the 6-Question Assessment
Answer simple questions about your debt, cash flow, assets, creditor pressure, and province.
Get Your Planning Summary
See the assumptions, trade-offs, questions, and next steps connected to your answers.
Follow Your Custom Action Plan
Use the questions, official links, and qualified-review options matched to your answers.
"The assessment helped me organize my debts and the questions I needed to bring to a professional."
Why Trust DebtNorth?
Takes 2 minutes • No credit check • Instant results