If you can’t pay your debts, first try talking to your creditors (a person, institution or business to whom you owe money). Approach them with a plan, know how much you can afford and be realistic.
1. Can you come to an agreement?
If yes, make arrangements to repay your debt
If no, consider a formal insolvency process such as Bankruptcy or Consumer Proposal
2. Do you have a surplus of income once all of your household expenses are paid or own any valuable assets? (anything you own which would have a market value of more than $1,000 after any amount owed against the item has been repaid)
These answers will help you and your trustee discuss your options