The possibility of declaring bankruptcy in Ontario can be nerve racking, but no matter what your specific situation is, your local MNP LTD team is here to help. With over 50 years of experience providing assistance to Canadians with debt issues, you can rely on us for personalized, effective debt help.
You're not alone when it comes to facing up to your debt problems, so get in touch with us when you're ready to learn more about the ways in which we can help. With over 50 years of experience in helping people like you file for bankruptcy, we’re committed to finding the right solution for you.
Compare your options:
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
The first step you should take when considering declaring bankruptcy is to contact your local Licensed Insolvency Trustee to go over the options you may be able to take. If filing for bankruptcy in Ontario is the only option for your situation, they will walk you through the entire process. Alternatively, other debt solutions can be discussed that may work better for your specific situation better.
You have several other alternative solutions to your debt problems, including: