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.
Bankruptcy is a process that releases you from most of your indebtedness by handing over some of your property. In other words, bankruptcy lets you erase your debts and put an end to your indebtedness within a few months. But to do this, you must pay certain amounts of money and give up some of your property to repay your creditors. You must also follow every step of the bankruptcy process.
A Trustee manages your bankruptcy. As part of their duties, the Trustee takes these steps:
The Trustee becomes a kind of broker between you and your creditors during the entire bankruptcy process.
If you have problems with your trustee, you can contact the Office of the Superintendent of Bankruptcy Canada. This is the organization that gives licences to Trustees and has the power to oversee and supervise Trustees.
Delivery of Property
The trustee uses the list of your property to determine with you which property will be sold to pay your creditors. However, some of your property is protected by law, which means it cannot be taken by your creditors or sold.
For example, you can keep these items:
Sale of Your Property
The Trustee then sells the property you hand over to them. The money from the sale will be distributed to your creditors in the order provided by law. It is also possible to agree with the Trustee to keep your property. If you do this, you will have to pay them what the Trustee would have made by selling it. For example, if the Trustee decides that he would have made $2,000 by selling your car, you can keep it by paying them this amount.
MNP Ltd. offers debt solutions that will free you once and for all of your debt. Our team of Trustees in bankruptcy will help you explore all the debt relief options that are available to you and choose the one that best suits your situation. Our goal is to allow you a fresh start by means of real credit and debt reduction solutions to respond to your concerns as to how you can get out of debt.
The goal of indebtedness solutions that allow a fresh start is to find the option that suits you best.
Frederic Lachance is a Bankruptcy Trustee within our Montreal location. To compare the available options, contact us in order to obtain a free, confidential consultation.
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