Bankruptcy

When a company’s financial position has deteriorated to the point where a turnaround or formal proposal are no longer feasible, an assignment in Bankruptcy may be appropriate. While this option should be your last resort, such a proceeding serves to halt further losses to creditors and shareholders. As a licensed Trustee, MNP Limited administers the bankruptcy estate in a transparent manner according to the provisions of the Bankruptcy and Insolvency Act (BIA).The BIA enables Trustees to distribute the assets from the bankrupt company to its creditors in an orderly and fair way.

For more information contact an MNP office near you or meet with an MNP Trustee to see if our Bankruptcy services are right for you.