If you’re looking to break free of personal debt once and for all, we can help. We provide debt and bankruptcy solutions that are life-changing and permanent, so you can erase debt from your life.
Debt can be overwhelming. For that reason, our Licensed Insolvency Trustees are always here for you. let’s discuss the options available to you. Your debt-free future starts now.
Whether you’ve been searching on the internet, seen a print ad or heard a radio ad for debt relief or debt consolidation, you may have noticed the words ‘government-approved debt relief programs’. But what does this mean? There are, in fact, government-approved debt relief programs – they just go by more technical names, like bankruptcy and Consumer Proposals.
These government-approved debt relief programs are administered by licensed Trustees in bankruptcy. If the advertiser doesn’t outright say they are Trustees in bankruptcy, be sure to ask questions to understand who you’re dealing with. You may actually be looking at an unregulated debt management company, who can potentially charge significant fees without guaranteeing to resolve your debt challenges.
Be wary of firms that want to charge you fees upfront. The first consultation with a licensed Trustee is always free. If you don’t require a bankruptcy or Consumer Proposal, the Trustee should present all of your options and help you choose the right one for you.
This isn’t to say bankruptcy and Consumer Proposals are even what you should be considering. The government can still help if you’re finding your income just isn’t enough. There are government programs that may not help with your debt issues directly, but can help if you’re living on a limited income.
The federal and provincial government offer various programs to help supplement your income. The most common examples are the GST / HST credit, Child Tax Benefit, Old Age Security or Disability Pension. However, there are other programs which many people don’t know about or don’t apply to because they’re unclear whether they qualify. Usually, the first step with any of these programs is to make sure your income tax returns are filed and up–to-date. The Service Canada website has a long list of financial assistance programs offered by the federal government and your local provincial government site should have similar information.
Our team of Licensed Insolvency Trustees will help you
explore the debt relief options available to you and
together we will find the solution that best fits your
situation. Set up your FREE, no obligation consultation
MNP is committed to protecting your
privacy. We promise to keep all of the information you share
with us confidential.
*310-DEBT doesn’t operate in MB, NW ON and QC.
Contact a Trustee
Find a local Office