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.
Our Life-Changing Debt Solutions are designed to permanently get you out of debt once and for all – so you can stop worrying and start living again.
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.
While social distancing is the right thing to do to defeat COVID-19, we realize these are difficult times. If you have been impacted by the pandemic and have questions about dealing with your debts, we are here to help. Our team is listening and will provide the support and advice you need.
MNP is open for business and able to serve you remotely. You can reach one of our Licensed Insolvency Trustees (LITs) toll-free at 310-DEBT with any questions. We are also happy to provide a no obligation Free Confidential Conversation via telephone or video conference (i.e. Zoom, WhatsApp, Facetime, Microsoft Teams, etc.).
If you have been laid-off from your employment due to COVID-19 — or are self-employed / a contractor that has experienced a reduction in business due to COVID-19, you can:
The CERB is a taxable income benefit which pays qualifying individuals $2,000 per month (or $500 per week) for a maximum of four months. The Government of Canada has introduced this initiative to fill in the gaps for Canadians who either do not qualify or are unable to access EI benefits.
You cannot collect the CERB and EI simultaneously. If you qualify for EI but have not yet applied for it, you can apply for the CERB first. You may become eligible for EI after CERB benefits expire.
To qualify for the CERB, you must meet the following conditions:
If your employment situation has not changed from the time you first applied for the CERB, you can reapply for a payment for multiple four-week periods, up to a maximum of 16 weeks or four months.
To apply for the CERB:
If the CRA has your bank account information on file, the CERB will be paid directly to your bank account. If you have or do not want to register with the CRA for direct deposit, you will receive the CERB payment by cheque.
To set up direct deposit online:
To set up direct deposit by phone:
When dealing with debt, there are both formal and informal options. The best solution is a personal decision and depends on your unique situation.
Informal options include contacting your creditors on your own to negotiate a lower payment or lower interest rate, as well as asking your bank to consolidate your debts.
Formal options are provided under the
Bankruptcy and Insolvency Act (BIA) and include filing a
Bankruptcy or a
No matter which direction you decide to go, your best first step is to schedule a
Free Confidential Consultation with a Licensed Insolvency Trustee to discuss your financial situation and your options.
During this initial meeting, the LIT will review your financial situation and discuss the options available to you.
Based out of Toronto and Markham, Mary Plahouras is a Senior Estate Manager at MNP LTD. To learn more about how MNP Debt can help, contact our local office at 416.515.3921 or toll-free at 310.DEBT (310.3328).
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.
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