Debt relief in Newfoundland and Labrador

Explore your debt relief options in Newfoundland and Labrador, Canada.

Find an office near you.

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Grant Thornton offers Newfoundlanders and Labradorians judgment-free solutions to their debt.

As Licensed Insolvency Trustees and debt solutions professionals in Newfoundland and Labrador, we’re regulated by the federal government, meaning we’re the only professionals authorized to offer debt repayment solutions, like consumer proposals and bankruptcy. We provide free, no obligation consultations to help get you back on track with your finances. Book yours today!

Consumer proposals in Newfoundland and Labrador.

Consumer proposals are becoming one of the most popular debt management solutions for Newfoundlanders and Labradorians struggling with debt. As an alternative to bankruptcy, a consumer proposal is a legally binding repayment agreement between you and your creditors. A Licensed Insolvency Trustee will negotiate on your behalf to settle your unsecured debt (credit cards, income tax debt, payday loans, etc.) into a single, interest-free payment.

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Filing for bankruptcy in Newfoundland and Labrador

Personal bankruptcy is a common debt solution that allows you to clear almost all your debt, including income tax debt, credit card debt, overdue utility bills, lines of credit, and loans. Before you decide to file for bankruptcy, it’s important to consider all other debt repayment options. Your Licensed Insolvency Trustee (LIT) will help you decide if declaring bankruptcy is the best choice for you.

Other debt relief options available in Newfoundland and Labrador.

  • Credit counselling: Credit counselling is a nonprofit service that helps Newfoundlanders and Labradorians who are struggling with their finances. Your credit counsellor can help you with budgeting, financial literacy or managing debt payments through a debt management or settlement plan.
  • Debt consolidation: Debt consolidation loans are offered by lenders like banks and combine some or all your debt into a single monthly payment. Aside from reducing your number of bills, debt consolidation loans can also offer a lower interest rate.

Your local Newfoundland and Labrador Licensed Insolvency Trustees

Trusted, regulated, and knowledgeable debt solutions professionals in your neighbourhood.

We’re proud to be in the following Newfoundland and Labrador communities:

We're able to service all of Newfoundland and Labrador via phone or video call. If you don't see your city below, we may still be able to help. Book your free consultation to learn more.

St. John's

15 International Place, Suite 300

Corner Brook

4 Herald Avenue, Suite 201

Gander

1 Markham Place, 2nd Floor

Grand Falls-Windsor

5b Harris Avenue

Take the first step to debt freedom

Speak to one of our debt solutions professionals during a free, no-obligation consultation.

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