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BANKRUPTCY IN TORONTO, ONTARIO

Considering declaring bankruptcy in Toronto? No matter how bad or overwhelming your debt might seem, there are always solutions - and your MNP LTD. Licensed Insolvency Trustee can help. Year after year, we help thousands of Canadians just like you break free from financial hardship.

You’ll find a local MNP LTD. office in Toronto (North York) staffed by knowledgeable and highly experienced professionals who live and work in the same communities as you do. Don't let having debt encompass your life. You have options; discover them with MNP LTD. today.

There are 6 offices near you

Could other debt alternatives provide relief?

A legal process, bankruptcy can help reduce the majority of your debts. It is regulated by the Bankruptcy and Insolvency Act. Step one is to contact your nearest MNP LTD. Licensed Insolvency Trustee, who will explain the process and provide insight on additional debt reduction options. In many cases, after discussing the situation with an expert, people find that there are better debt options than declaring bankruptcy.

To determine the right course of action, you'll need to think about your current financial situation.

  • Spending more than you earn?
  • Facing legal action, such as garnishment?
  • Using credit cards for necessities?
  • At risk of losing credit card privileges?
  • Receiving harassing collection letters or phone calls?
  • Stressed out due to financial problems?

If this sounds like you and you are experiencing some or all of the above, contact us today.

Personal Insolvency Counselling

MNP offers permanent life-changing debt solutions to individuals struggling with an overwhelming amount of debt. Our trustees are here to help.

Get Started Now!

Call us today at 416-800-2864 or fill out our form to get a free consultation!

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How your situation can benefit from our solutions

Consumer Proposal

The consumer proposal is a simple process that allows you to make arrangements to pay all, or part, of your unsecured debts through monthly payments over a specified period of time (up to a maximum of 5 years). 

Informal Debt Settlement

Conditional on the amount of debt that you’ve accumulated, it may be possible to contact your creditors directly to negotiate lower interest or a repayment schedule that better suits your needs.

Debt Consolidation

With debt consolidation, you can combine all your debts into one and repay multiple creditors through a single monthly payment.

Most people feel that with their debt piling up, declaring bankruptcy is the best course of action. Depending on your financial situation, more appropriate solutions may be available. Together, we can work out a solution that's best for you.

To learn more about declaring bankruptcy and other options provided by MNP LTD., call us at 416-800-2864 or submit our online form to ask for your FREE, private consultation.