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.
As the nation awaits the Bank of Canada’s next announcement on interest rates, Ontarians’ appetite for cheap credit is being highlighted by a new Ipsos survey conducted on behalf of MNP Debt.
MNP’s David Gowling recently discussed Hamilton’s growing debt issues on the Scott Radley Show.
Finally we’re through the holiday season! But now it’s time for the bills to start rolling in. How nervous are you?
MNP LTD is proud to announce we have won a 2017 Hamilton Consumer Choice Award in the Lifestyle category.
Almost sixty per cent of Ontarians now say they are $200 or less per month away from not being able to meet all of their bills or debt obligations each month, an increase of 10 points since February 2016. Thirty-five per cent of this group say they already don’t make enough money to cover their bills and debt payments, technically making them financially insolvent.
The weather is warmer, people are coming out of hibernation from the long winter and soon our children will be done with school. Once the summer months get into full gear, people naturally turn their attention to getting away to recharge, relax and (deservedly) unwind. Sounds pretty great right? Just remember, a vacation comes at a cost and if you’re not prepared, that cost could stick with you for months, if not years. Suddenly and unintentionally, your post vacation becomes about debt and stress.
More often than not, when people find themselves in financial trouble they’re usually not sure what options are available to help them get back on track. Well-meaning friends and family may suggest a bankruptcy as a quick and easy solution. Even some insolvency firms who present themselves as having your best interests in mind, will say it only takes half an hour to come up with a plan to solve your debt problems.
Statistics Canada recently released a report stating that Canadians are holding a record level of household debt with the average Canadian household owing 164.6% of its annual income.
A consumer proposal could be the solution that changes your life.
In early 2015 the Ontario Government announced dramatic changes to the law in Ontario regulating the debt settlement industry, effective July 1, 2015. Traditionally, debt settlement firms have negotiated settlements with creditors on behalf of consumers where the consumer makes a one-time payment for less than one hundred percent of the current outstanding balance as settlement in full of an outstanding account.
*310-DEBT doesn’t operate in MB, NW ON and QC.
Contact a Trustee
Find a local Office