I see an "O" listed for your province, so I'm assuming that you are from Ontario. If correct, then the good news is, before you even reach the courtroom you'll first enter a MANDATORY MEDIATION process, which will involve yourself, the creditor's representative and an independent mediator. See the following for further details on what the process is all about, and how it can benefit you. (Essentially, you'll have an opportunity to present your arguments and goals in front of an independent mediator, who is assigned by the courts to assist both parties reach a resolution to their dispute)
Courts of Justice Act
R.R.O. 1990, REGULATION 194
RULES OF CIVIL PROCEDURE
http://www.e-laws.gov.on.ca/html/regs/english/elaws_regs_900194_e.htm#sched24.1.01
RULE 24.1 MANDATORY MEDIATION
PURPOSE
24.1.01 This Rule provides for mandatory mediation in case managed actions, in order to reduce cost and delay in litigation and facilitate the early and fair resolution of disputes. O. Reg. 453/98, s. 1; O. Reg. 198/05, s. 2.
Note: On January 1, 2010, rule 24.1.01 is amended by striking out “in case managed actions” and substituting “in specified actions”. See: O. Reg. 438/08, ss. 15, 68 (1).
NATURE OF MEDIATION
24.1.02 In mediation, a neutral third party facilitates communication among the parties to a dispute, to assist them in reaching a mutually acceptable resolution. O. Reg. 453/98, s. 1.