Insolvency Counselling Program

The Insolvency Counselling Program is divided into two stages. Each stage has an online component followed by an in-person session. The online and in-person counselling components are designed to complement each other. Your in-person sessions will be delivered by a Bankruptcy and Insolvency Act (BIA) Insolvency Counsellor (counsellor) or a Licensed Insolvency Trustee (LIT). These online modules are always available, so you can access them whenever is most convenient for you.

Although the modules are presented in a certain order, it is important to remember that everyone is different, so your BIA Insolvency Counsellor can adjust your counselling to suit your needs. This may include changing the order of the online modules.

Offline version

This version is ideal for printing or downloading for offline viewing. Videos are not included in the offline version.

Modules - PDF

Introduction (1.18 MB )

Budgeting module (2.29 MB )

Setting and achieving
financial goals module
(1.32 MB )

Spending habits Module (1.85 MB )

Responsible use of credit module (1.41 MB )

Modules - Audio versions (MP3)

Introduction (6:30s, 10.18 MB )

Budgeting module (7:32s, 12.29 MB )

Setting and achieving
financial goals module

(11:22s, 15.32 MB )

Spending habits module
(9:54s, 13.85 MB )

Responsible use of credit module (8:12s, 11.41 MB )


Budgeting template


Income and expense tracking tool


Financial goal setting tool



Budgeting stage

Find out what you can expect from this counselling process.

Budgeting module
Take control of your finances. Learn how to create and maintain a budget.

Planning for the future stage

Setting and achieving financial goals module
Prepare yourself for post-insolvency success! Learn how to set and achieve your future financial goals.

Spending habits module
Learn the spending strategies that will help you meet your financial goals.

Responsible use of credit module
Using credit will let you achieve certain financial goals. Learn how to use it responsibly to stay in control while achieving your financial goals.


The Office of the Superintendent of Bankruptcy (OSB) thanks the Financial Consumer Agency of Canada (FCAC) for the use of some of their financial literacy information contained in these modules. FCAC is the federal government body responsible for strengthening financial literacy in Canada. For further information on a wide variety of financial literacy topics please see FCAC’s website.