Have you unwittingly stepped onto the debt treadmill without realizing how fast it goes? Are you saddled with excessive obligations that are creating a financial crisis? In this situation, your first step is to consider debt solutions, such as a consumer proposal or a consolidation loan. This could potentially reduce your overall debt, or consolidate it under a single loan account. However, if your debt is too large, or your assets fall significantly short of your debt value, then you may have no other choice but to consider filing for personal bankruptcy.