2025-10-21
How we helped a client decide between a consumer proposal and bankruptcy
A client thought bankruptcy was their only way out. See how a consumer proposal helped them keep their home and repay debt with confidence.
MNP Consumer Debt Index drops to 86 points
Nearly half of Canadians are $200 away from being unable to pay their bills.arrow_forward
Get a Free Confidential Consultation
The road to becoming debt-free starts with a free confidential consultation with an MNP Licensed Insolvency Trustee.
Success Stories: Real Stories. Real Results.
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.
Sara was a very pleasant and helpful soul. MNP really embraced my situation and put a plan in place that was more than affordable, which really put my mind at ease. MNP was always there to answer questions or concerns and ultimately changed my life. Thank you MNP Debt!
R. B. - Peterborough , Ontario
Sara McElroy was so helpful and patient in walking me through the process. Given the circumstances, I felt heard and considered. Thank you MNP!
S. A. - Toronto, Ontario
I would like to give thanks to MNP for providing me a path to financial fresh start. With the help of Sara McElroy, everything went very smoothly. The process was effortless with her. She did all the work for me. Professionalism and communication was remarkable. 10/10. I strongly recommend Sara McElroy & MNP Debt!
J. V. - Etobicoke, Ontario
Sara McElroy was the person that assisted me in this process and I am really pleased with the outcome. I am so thankful and relieved that my debt troubles are behind me. I will recommend her services and MNP Debt to anyone with financial struggles. Thank you Sara & the MNP team!
C. G. - Toronto, Ontario
I had the opportunity to work with MNP for my debt consolidation, and I cannot speak highly enough of the professionalism and care they showed throughout the process. From the very beginning, they took the time to thoroughly explain every detail of what they do, ensuring I had full clarity and confidence in the decisions I was making. In a world where many debt consolidation services can feel uncertain or even operate without proper recognition...
J. B. - Toronto, Ontario
MNP was wonderful to work with as I was dealing with my debt troubles. Thank you for all of your guidance and kindness during this process. It really makes a difference!
A. M. - Toronto, Ontario
Due to illness and retirement, my wife, Gayle and I had to do something about our debts. Our debts had accumulated to the point that, with just our pensions coming in as income, we were no longer able to keep up with the minimum payments on our credit cards. We were paying an estimated $2,000.00 per month and barely paying anything on the principal. It would have taken "hundreds of years" to pay off the full amount of debt by just paying the minimum...
Jean-Marc C. - Vancouver, B.C.
MNP was really helpful in teaching me about personal finances and getting my affairs in order. My advisor, Margaret Cook, worked closely with me and explained everything in detail. If you need help with debt troubles, don't hesitate to call MNP - you won't be disappointed.
L. B. - Toronto, Ontario
MNP really knows how to make you feel comfortable. I was debating taking this step for so long but it was the best thing I did & exactly what I needed for a financial restart. They are extremely helpful along the way and know how to keep you calm and never guessing or wondering what's next in the process. The communication is amazing, they replied to my inquiries very fast, and have a super friendly staff to deal with. I would recommend MNP to...
Frank D. - Vaughan, Ontario
Living on a fixed income earlier than I was planning left me in a financial situation that I would never be able to get out of. MNP sat down with me and went over everything and we decided that a Consumer Proposal was my best option. They calculated an amount that I was very comfortable with and I am still able to live my life. I would recommend MNP to anyone for advice on financial issues!
C. M. - Etobicoke, Ontario
Bankruptcy
When you’re overwhelmed by crushing debt, a personal bankruptcy will provide a fresh start and could be the Life-Changing Debt Solution you’re looking for. Choosing to file for bankruptcy is a serious decision which may not be for everyone.
MNP 3 Minute Debt Break Podcast
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.
Consumer Proposal
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.
Latest Blog Posts
2025-10-20
Seniors and Debt
Alternatives to Bankruptcy Bankruptcy Consumer Proposal Lifestyle Debt MNP Consumer Debt Index
Just when seniors should be relaxing and enjoying the fruits of their labour, many find themselves struggling financially — an unsettling contrast to the ease they’d hoped to live their golden years.
2025-10-17
How buyer’s remorse laws can help you stay out of debt
This is called buyer’s remorse. In some cases, Canadian law provides protections that can help you reverse these costly decisions and avoid sinking further into debt.
