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INSOLVENCY IN CANADA: WE CAN HELP

If you're ready to take a step in the right direction when it comes to insolvency, you’ve come to the right place. At MNP LTD, we understand how to help individuals put personal debt behind them — and we can help you do the same. You can count on our knowledgeable Licensed Insolvency Trustees to explain the options available to you and recommend the most appropriate solution to help put your finances in order.

Rest assured that your local MNP LTD Licensed Insolvency Trustee is here to provide the guidance and advice you need to tackle your debt problems. So submit a form today to schedule a free consultation.

Compare your options:

Consumer Proposal

Pay back a portion of your debt within 5 years and keep certain assets

Remains on your record for 3 years after your last payment

More on consumer Proposal

Declaring Bankruptcy

Get out of debt in 9-21 months

Remains on your record for 6 years (14 years if it's your second bankruptcy)

More on Declaring bankruptcy

Consolidating Credit

Refinance your home or apply for a loan to cover your debts

Set up an affordable single monthly payment at a fixed, reduced interest rate

More on consolidating credit

We're here to help

If your finances have you feeling overwhelmed and you don't know where to begin when it comes to insolvency, you can start by talking to an MNP LTD Licensed Insolvency Trustee. Your local Licensed Insolvency Trustee can explain the benefits and drawbacks of bankruptcy, consumer proposals, debt consolidation and other solutions.

In addition, your Licensed Insolvency Trustee will help you figure out the right option for your needs and discuss the repercussions, including how your credit rate will be affected, what assets are involved and how long it will take for your debt to disappear. In other words, we're your go-to source for unbiased advice and non-judgmental support from beginning to end.

The solutions we administer include:

• Personal bankruptcy:

  We'll help you complete the required paperwork, reach out to your creditors, cancel wage garnishments and work to rule out any further legal proceedings against you.

• Consumer proposal:

  Together, we will provide your creditors with a formal offer to settle unsecured debt. You can keep your assets, pause or eliminate interest, put an end to wage garnishments and say goodbye to threatening phone calls from creditors.

• Debt consolidation:

  If you qualify for this type of loan, your bank or financial institution will pay your creditors. You will make repayments through a single monthly payment, which often attracts a lower interest rate than credit card debt.

• Credit counselling:

  A qualified credit counsellor will evaluate your finances, offer budgeting tips and speak to your creditors to propose an improved repayment schedule.

It's time to leave debt behind

Realizing that you need professional help when it comes to managing your finances is the first step towards breaking free from the burden of debt — and the faster you enlist help, the more options that may be available to you.

Don't let debt-stress overtake your life. Be proactive and schedule a free consultation with an MNP LTD Licensed Insolvency Trustee. We're here to offer the support and non-judgmental advice you need to put your finances back on track.