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

2025-04-25

Understanding debt collection in Canada: Protecting your financial health

Olivier Boyd

Debt collection can be a daunting experience for many Canadians. Navigating the process alongside MNP’s team of experts can help you better understand how it will impact your credit score and gain the knowledge needed to maintain your financial health well into the future. 

Read More

2025-04-25

Top five mistakes to avoid when considering filing for bankruptcy

Bankruptcy

Filing for Bankruptcy is a significant decision that can provide a fresh start for Canadians overwhelmed by debt. However, it’s essential to approach this process with caution and awareness to avoid common pitfalls and make informed decisions to protect your financial future. 

Read More

2025-04-24

How to rebuild your credit after a Consumer Proposal

Tina Powell

Filing a Consumer Proposal can feel overwhelming, but it’s not the end of your financial journey.

Read More

Consultation icon