DIY Debt Solutions

Get a Free Confidential Consultation

The road to becoming debt-free starts with a free confidential consultation with an MNP Licensed Insolvency Trustee.

Debt Calculator screen grab

Debt Calculator

There’s no one-size-fits-all strategy for getting out of debt. Your goals, financial and family circumstances are unique, and all deserve consideration in determining your best path forward. The MNP Debt Calculator considers numerous factors — including your province of residence, income, assets, and debts — to simulate your fastest and least expensive options for becoming debt free.

All you need to do is provide some background on your current situation. We’ll take care of the rest. And with a clear picture of where to go next, you can move forward with the confidence you’re heading in the right direction.

Debt Calculator

Debt Scale screen grab

Debt Scale

Your debt health depends on a variety of factors beyond how much you owe. The MNP Debt Scale dives into your current financial situation to understand how you’re balancing your income, expenses, credit tools and monthly payments — and what’s getting in the way of reaching your short- and long-term goals.

This brief 14 question checkup will help you gain insight into where you’re succeeding and where you’re struggling. More importantly, it will reveal opportunities to maximize your income and take back control over your debt.

Debt Scale

Interactive Explainer Video

Hundreds of thousands of Canadians have achieved a much needed, and much deserved, fresh start through Bankruptcy and Consumer Proposals. However, realizing the benefits of a Life-Changing Debt Solution begins with breaking through the myths and misinformation and empowering you to make an informed decision about your financial future.

MNP’s interactive explainer video offers clear, engaging and simple explanations. This self-directed learning opportunity puts the power in your hands, so you can learn on your time, on your terms and in the order that best suits you.

Budget Tracker spreadsheet screen grab

MNP Budget Tracker Spreadsheet

Consumer budgeting involves a few things: planning out your paycheques and where / how to spend them, planning for the usual monthly expenses and planning for irregular or annual expenses. All these steps help to avoid or reduce your debt and hopefully prevent you from having to look at debt consolidation options.

Creating a spending plan starts with knowing where you are at now. If you’re uncertain as to what your current monthly or annual expenses are, it will be tough to know where to make any changes. Step one would be to write out what your current income and expenses are, or at least your best estimate for now. That’s a huge start. Maybe this involves saving receipts for a month or two to get an idea. To help with this, we have a helpful Budget Worksheet for you to use.

Budget Tracker spreadsheet