Is debt relief a good idea, filing bankruptcy

[MIchael McCUe]

Money isn't easy to save and $10,000( my debts) is a ton of money I want to save for a downpayment, I'm just starting so I don't have any money I would like to save $60,000 to buy a rental property, I think I could do it in  5-6 years, my brother filed bankruptcy and they relieved him of $6000 in debt from cash money.

a list of my debt

Gst Hst Tax 4500 income tax from working with my dad I owe
Scotiabank credit card 1400
Canadian Tire credit card 500
cash money loan 2400
Belair 600
echelon 600

should I pay the 10k back in the next while or should I file bankruptcy like my brother as It won't be for years until I am able to get a downpayment for a rental house anyway.

[Scott Trench]

While personal circumstances can vary, it will be a unique situation indeed if $10K in debt should force you to declare bankruptcy. 

I bet that you can pay off this debt in 1 year or much less.

Here is a link to 100+ bartending jobs currently hiring in Toronto. The base is $17.20, plus tips. If you receive no tips and put in 100 5 hour shifts, you will be done. With tips, you could pay off the entire balance by March 31st. 

Then, you can save the next $10,000 for your down payment by June 30th. Or $30,000+ by EOY 2025.

If you don't like Bartending, how about being a waiter, busboy, driving for uber, or some other side gig? This is what I did when I was 23 and trying to save up my first down payment.

If you don't pay off the debt, and declare bankruptcy, good luck getting a loan. You won't be 6 months of hard work from buying, you'll be 6 YEARS. from buying a property. 

There are exceptions where bankruptcy can make sense, but this isn't one of them, in my view, based on what you've shared.