Voluntary deposit is an alternative offered by the Government of the Canada. Similar to the consolidation and the friendly agreement with your creditors, this is done without the help of a Licensed Insolvency Trustee.
To Quebec residents, the Voluntary Service Deposit Law (better known as the “”Lacombe Law””) resembles a fusion order.
For the voluntary deposit, you must go to the Office which deals with the voluntary deposit in your area where you will determine an amount you will pay monthly. This amount is determined based on your income and your financial responsibilities.