Debt Repayment Calculator - Bankruptcy Options Calculator

Use this debt calculator to learn how debt repayment options will impact your debt.
Learn how bankruptcy, a consumer proposal, or debt consolidation will impact your credit card debt.
The various interest rates on different debt relief options will determine how you pay off your debt.

Use this consumer proposal calculator to determine how you can become debt free and get a fresh start with a debt proposal to your creditors.

As a popular alternative to bankruptcy, a proposal is a common debt solution that allows you to make monthly proposal payments to your creditors.

Filing a consumer proposal must be done with a proposal administrator and can help you improve your financial situation in the easiest manner.

You can consolidate your credit card debt and other unsecured debts with a proposal.

Enter your total unsecured debt


Approximate Monthly Payment Over 5 Years

Repay Debt on Your Own
Debt Consolidation
Credit Counselling
Debt Settlement
Consumer Proposal

Using this calculator can help you save hundreds even thousands of dollars in interest charges.

The annual interest rates for various Canadian debt relief programs are all different.

It can also calculate how long it will take you to get out of debt by utilizing various debt relief options available in Canada.

Using a debt payoff calculator such as this one, can help you figure out various minimum payment rates you will have to pay each month to see how much you can afford.

If you decide that you would like to tackle your debts on your own after running the calculations, we suggest paying debts with the highest interest rate first.

Using the debt snowball method, where you pay off the smallest debts first to build up momentum to pay off your other debts can also work well.

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I was feeling overwhelmed by my credit debt, constantly receiving calls and letters from debt collectors, which caused a great deal of stress. It seemed like there was no way out of this situation. However, I discovered Bankruptcy Canada while listening to my local talk radio station. This organization proved to be friendly, empathetic, knowledgeable, and professional, with extensive experience in their field.

During our initial meeting, they took the time to understand my debt and financial circumstances. They explained the various options available to me and helped create a personalized plan that would be most beneficial for my situation. With their assistance, I was able to avoid declaring bankruptcy by presenting a consumer proposal to my creditors. Fortunately, my proposal was accepted, and I am extremely relieved to finally be free of debt, all thanks to BankruptcyCanada. The burden on my shoulders feels significantly lighter now, and I truly believe that Bankruptcy Canada has the most skilled specialists in debt relief.