No. You cannot use a consolidation order or consumer proposal for business debts. You can still try one or more of the following: negotiating a repayment plan with creditors or a collection agency applying for a consolidation loan at a financial institution (such as a bank) submitting a Division I proposal If you are negotiating a repayment plan or applying for a consolidation loan, make sure you understand what you are signing. For example, a creditor or bank may ask you to sign a personal guarantee as a guarantor. A guarantor (in this case, you) is liable for the debts of the borrower (in this case, the business). If the borrower defaults, the guarantor must pay the amount owing. You should get legal advice before signing a guarantee. Last Reviewed: October 2020