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Filing for Bankruptcy in Scarborough, Ontario

Thinking of declaring bankruptcy in Scarborough? With the help of your local MNP LTD Licensed Insolvency Trustee, your debt situation can be managed. Thousands of Canadians experience financial hardship every year, and for more than 50 years we have been there to help and provide solutions.

Our local MNP LTD office in Toronto (Scarborough) employs knowledgeable and courteous professionals with experience in filing for bankruptcy that work and live in the same communities as you. Don’t let your debt troubles get out of control. Contact us now and regain control of your life.

There is 1 office near you

Could other debt alternatives provide relief?

A legal process, filing for bankruptcy can help reduce the majority of your debts. It is regulated by the Bankruptcy and Insolvency Act. The first and most important step is to contact your MNP LTD Licensed Insolvency Trustee, who will present you with all of your financial options based on the assessment of your current debt situation. It is not uncommon occurrence, after speaking with us, that people sometimes realize that declaring bankruptcy is not the best solution for them.

To determine how to handle your debt effectively, 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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We tailor our solutions to your situation

Consumer Proposal

Opting for a consumer proposal means you can make arrangements to pay some or all your unsecured debts through monthly payments over a specific 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.

The first thought people have when encountering financial difficulty is filing for bankruptcy. 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.