Consumer Alert Re Debt Settlement In Ontario

2012-05-10

The Ontario Ministry of Consumer Services has recently issued an alert warning consumers to exercise caution when considering a contract for services being marketed as “debt settlement”, “debt management”, “debt reduction” or “debt consolidation”. To read the alert, click here >> If you are having difficulty managing your debt, please contact an MNP licensed trustee for a no-cost, no obligationconsultation to determine the best alternative for dealing with your debts, which may include filing a consumer proposal. For more information on consumer proposals,click here. Marvin Zweig, CA-CIRP, Trustee Senior Vice-President Markham, Ontario About MNP Ltd. MNP Ltd. has an extensive team of trustees in bankruptcy and proposal administrators, licensed by the Office of the Superintendent of Bankruptcy - an agency of Industry Canada, with 47 trustees located in numerous offices across the county from Quebec to British Columbia.

Latest Blog Posts

2026-07-13

MNP Consumer Debt Index: Nova Scotians caught in pre-spent paycheque cycle amid sustained cost pressures

Tina Powell

MNP Consumer Debt Index

Atlantic Canadians (68%) are more likely than those in other provinces to say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.

Read More

2026-07-13

MNP Consumer Debt Index: Canadians caught in pre-spent paycheque cycle amid sustained cost pressures

Grant Bazian

MNP Consumer Debt Index

According to the latest MNP Consumer Debt Index, three in five Canadians (61%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.

Read More

2026-07-13

MNP Consumer Debt Index: British Columbians caught in pre-spent paycheque cycle amid sustained cost pressures

Linda Paul

MNP Consumer Debt Index

According to the latest MNP Consumer Debt Index, nearly three in five British Columbians (58%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.

Read More

Consultation icon