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How to File for Bankruptcy in Ontario

Declaring bankruptcy in Ontario can be a stressful experience, but no matter what your current financial situation is, your local MNP LTD team is here to offer solutions. We've been guiding Canadians through the debt resolution process for more than 50 years.

If you are ready to take the next step and work towards a debt-free future, get in touch with us today to find out how we can help you get there.

With over 50 years of industry experience in the steps to filing bankruptcy, we’re ready to provide you with lasting financial solutions.

Compare your options:

Consumer Proposal

Pay back a portion of your debt within 5 years and keep certain assets

Remains on your record for 3 years after your last payment

More on consumer Proposal

Declaring Bankruptcy

Get out of debt in 9-21 months

Remains on your record for 6 years (14 years if it's your second bankruptcy)

More on Declaring bankruptcy

Consolidating Credit

Refinance your home or apply for a loan to cover your debts

Set up an affordable single monthly payment at a fixed, reduced interest rate

More on consolidating credit

How to make the right choices

Before you begin declaring bankruptcy, you should contact your local MNP LTD Licensed Insolvency Trustee to explore the debt remedies available to you. If filing for bankruptcy in Ontario is your best option, they will explain the process and guide you through the necessary steps. However, it is entirely possible that another debt management option may be better suited to your needs.

You have several other alternative solutions to your debt problems, including:

• Consumer Proposal
• Informal Debt Settlement
• Debt Consolidation

 

Experienced Licensed Insolvency Trustees who can help

You may want to seek debt help if:

• You’re living beyond your means
• You’re misusing credit cards
• You have poor or no money management skills
• You lack budgeting tools or a plan
• You’re avoiding the issue
• Creditors are increasing collection actions

Through the years, we’ve opened more than 200 offices across Canada so you don’t have to travel far to get the help you need. No matter how much debt you’ve built up, you can rely on us to provide discrete, dependable, expert solutions.

For more information regarding filing for bankruptcy in Ontario or alternative solutions, select your city from the menu, call your local MNP LTD Licensed Insolvency Trustees today at 1-888-437-8786 or fill out our online form to request a FREE, private consultation.