2026-07-15
Bankruptcy versus Consumer Proposal timelines: What to expect from start to finish
These are real testimonials from past and current MNP clients who have used our debt solutions to overcome their debt and achieve financial stability.
You can count on our word and our clients’ stories. Read what they say about us.
I never imagined that I would need financial assistance one day - until I did. A few years ago, I underwent surgery and was unable to work for nearly two years. During that difficult period, I also experienced the heartbreaking loss of my father, mother, and a sister in three consecutive years. Losing three loved ones back-to-back while being unable to work had a devastating impact on my finances. I struggled to keep up with my bills, and my financial...
A. H. - Mississauga, Ontario
I received amazing service from Margaret Cook and the MNP team. I had been dreading seeking help for my financial mess because I was so worried about being judged and having to explain myself. However, the second my initial confidential consultation started, I was immediately put at ease. There has never been an ounce of judgement from the team; all they cared about was finding a solution that fit my situation. The whole process was stress free -...
J. B. - Burlington, Ontario
I had a very positive experience working with MNP during what was initially a stressful and overwhelming situation. From the beginning, the team was professional, patient, and clear in explaining each step of the process. This helped me feel more confident and informed in making decisions about my financial future. What stood out most was how organized and supportive they were throughout the process. They followed through on everything that was discussed...
D. S. - Toronto, Ontario
A very professional and courteous staff. MNP Debt and their staff answered all of my questions and made the process as knowledgeable and as comfortable of an experience as possible. I highly recommend this Licensed Insolvency Trustee firm. Thank you to MNP!
R. M. - Aurora, Ontario
At one point, I had 10 to 12 credit cards and unmanageable debt. I lost control on how much money I was spending. That's when I called MNP. They walked me through the process of a Consumer Proposal and I was greatly impressed by their thorough and professional approach. I can't believe that those five years of the repayment process that seemed to be endless have already passed and I can breathe freely and feel like a normal person again! Thank you...
V. H. - Peterborough, Ontario
MNP was exceptional throughout the entire process. Margaret Cook and the MNP team made what could have been a stressful situation feel straightforward and manageable on my end. She guided me clearly every step of the way, handled everything efficiently, and ultimately got my Consumer Proposal accepted on first submission. I truly appreciated her professionalism and support.
K. L. - Toronto, Ontario
MNP has been a great help with identifying the best path for my finances. Affordable and reliable help! It was scary for me at first but Margaret Cook and her team reassured me every step of the way. MNP helped me understand what I was getting into and also how to navigate everything. Best decision I have ever made.
C. G. - Toronto, Ontario
Five years ago, I felt like I was drowning in my debt and didn't know how I could get out of this horrible situation. My friend went ahead an suggested I reach to to MNP to inquire about a Consumer Proposal. I contacted MNP and they helped me through the entire process. MNP took the time to help me figure my financial situation out and answered all of my questions. Here I am five years later no longer feeling like I am drowning in my debt. I also...
Kara - Pickering, Ontario
I recently filed a Consumer Proposal and had such a smooth, stress-free experience from start to finish. The whole team was professional, supportive, and made everything easy to understand during what could have been a very overwhelming time. A special thank you to Margaret Cook - she was absolutely amazing. She was knowledgeable, patient, and always available to answer my questions. I truly felt supported every step of the way. I highly recommend...
R. J. - Milton, Ontario
Asking for help could be the most difficult decision someone in a similar debt situation to me would need to make. However, I am so glad I did. Working with MNP Debt on my Consumer Proposal was a delight. Everything was explained in great detail, often (if not always) answering my questions before I could even ask! Everyone I've been in contact with has been 10/10. Such a wonderful group of people to work with. It really helps considering the stressful...
J. J. - Pickering, Ontario
Stay informed in minutes with the MNP 3 Minute Debt Break Podcast. Each episode offers quick, practical insights to help you take control of your debt and make confident financial decisions. From budgeting tips to debt relief strategies, our expert advice is designed to fit into your busy day, no fluff, just facts. Start listening and take the first step toward financial clarity.
We understand why you’re worried. You have debt, but you may also have assets you wish to keep and the idea of filing for bankruptcy is terrifying. You’re thinking about long-term financial impacts and wondering how to avoid them. If this sounds like you, a Consumer Proposal may be just the Life-Changing Debt Solution you’re looking for.
2026-07-13
MNP Consumer Debt Index
Atlantic Canadians (68%) are more likely than those in other provinces to say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
2026-07-13
MNP Consumer Debt Index
According to the latest MNP Consumer Debt Index, three in five Canadians (61%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.