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How to get out of debt and achieve debt freedom

Debt doesn’t have to be a dead end. Many people begin to feel hopeless about their debt troubles. But the truth is, you have every reason to hope for a better financial future. Yes, bankruptcy is one option. But there’s more than one way you can begin to solve your debt challenges—either on your own, or with our help. A Grant Thornton Licensed Insolvency Trustee will take the time to make sure you understand your options for how to get out of debt and then work with you to put your plan into action.

How to get out of debt with consumer proposals

In this alternative to bankruptcy, your trustee helps you design a settlement of your debts with your creditors so that you can manage your finances and focus on living life within your budget.


How to get out of debt by filing for bankruptcy

When your financial obligations simply can no longer be met, this option grants you immediate protection from your creditors, giving you a fresh start.


Other less formal debt solutions

Besides bankruptcy and consumer proposals, there are other ways to manage your debt problems—some you may even be able to handle on your own.


A thoughtful discussion with a Grant Thornton Licensed Insolvency Trustee, in-person or over the phone, will clarify solutions for how to get out of debt.

Ask an Expert

Common debt questions. Uncommonly thorough answers.

Relief begins with a solutions-focused, free consultation.

Set up a confidential, free, no-obligation chat with a Grant Thornton debt professional near you to discuss your financial situation. Based on your unique situation, they will explain—in everyday language—what your debt solution options are.

Contact a Debt Professional

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