Declaring Bankruptcy: A Difficult Decision...

2017-06-19

Person typing on a laptop

… but one that will bring a lot of relief.

You don't know where to turn. You can’t sleep. You’re irritable, you can’t focus at work. Your personal life is suffering. You’re only making the minimum credit card payments. You’re using one credit card to pay off another. You’re borrowing money from friends and family. Your creditors won’t leave you alone.

These are just a few signs that you’re having financial difficulty.

Let the advisors at MNP help you get back on your feet.

The first step — making that first phone call or sending that first email — is always the hardest. But meeting with us is completely confidential, judgment-free and won’t cost you a cent. We’ll help take some of the weight off your shoulders.

If bankruptcy is right for you, the professionals at MNP will guide you through the entire process and put an end to your debt problems for good. They’ll help you prepare a balance sheet, draw up a budget and file the necessary documents with the Office of the Superintendent of Bankruptcy to make sure you’re protected.

There’s no shame in declaring bankruptcy. Thousands of people do it every month. Not only is it your legal right, it will protect you from your creditors and help you get out of a difficult situation.

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

Consultation icon