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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

Latest Blog Posts

2025-07-14

Nearly half of Albertans are $200 or less away from financial insolvency each month, more than any other province, amid ongoing economic uncertainty

Lindsay Burchill

MNP Consumer Debt Index

Nearly half of Albertans (47%, +2 pts) report they are $200 or less away from financial insolvency each month — more than those in any other province — according to the latest MNP Consumer Debt Index.

Read More

2025-07-14

Nearly half of Quebecers regret their debt as life plans stall and financial anxieties take hold amid ongoing economic uncertainty

Frederic Lachance

MNP Consumer Debt Index

Nearly two-thirds of Quebecers say they desperately need interest rates to go down (63%, -2 pts), according to the latest MNP Consumer Debt Index.

Read More

2025-07-14

MNP Consumer Debt Index holds steady following two interest rate pauses as Canadians brace for ongoing economic uncertainty

Grant Bazian

MNP Consumer Debt Index

Younger adults and lower-income households are most likely to report stress, stalled life plans, and living paycheque to paycheque.

Read More

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