Explore Your Options

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.

The rollercoaster of debt is exhausting. If you’re tired of trying to make ends meet, want threatening phone calls from creditors to stop or simply need help to take control of your financial situation, talk to one of our local Licensed Insolvency Trustees. We offer unbiased advice that can help you get back on solid financial ground.

Compare Debt Solutions

If you’ve been struggling with debt for awhile, you’ve probably wondered if you should file for bankruptcy. While deciding to declare bankruptcy can offer a fresh financial start, there are other options. Speak with your local MNP Licensed Insolvency Trustee to learn the difference between Consumer Proposals and bankruptcy, or how other bankruptcy alternatives, like credit counselling and debt consolidation, may help you stop the cycle of debt once and for all.

Consider some of the key differences between bankruptcy and a Consumer Proposal.

Licensed Insolvency Trustee holding up a piece of paper and advising a person on bankruptcy options.

Consumer Proposal vs Bankruptcy

Consumer Proposals and Bankruptcies are both government legislated options which can provide you with relief from significant debt problems. In addition, both debt solutions can only be administered by a Licensed Insolvency Trustee and provide a legal stay of proceedings which require creditors to discontinue harassing collection calls, garnishment or other legal proceedings.

Determining which, if either, option is an appropriate solution in your own unique situation depends on a number of variables. Let’s explore the advantages and disadvantages of both a Consumer Proposal and a Bankruptcy.

Compare Your Options

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More than half (54%) of Ontarians within $200 of financial insolvency; up 13 points since December, reaching a five-year high

Caryl Newbery-Mitchell

MNP Consumer Debt Index

More than half (54%) say they are $200 or less from not being able to cover their monthly bills and debt obligations, a whopping 13-point jump from December. Compared to the other provinces, Ontarians are the most likely (32%, +10pts) to report they are already insolvent with no money left to cover their payments at month-end.

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