Debt relief in the Northwest Territories

Explore your debt relief options in the Northwest Territories, Canada.

Book your free consultation!
A graphic that includes an image of multi-layered banks of the Deh Cho (Mackenzie River) and an image of the Aurora Borealis in the night sky in Inuvik, Northwest Territories.
Mean appearing on the screen of a laptop screen explaining the benefits of filing a consumer proposal

Grant Thornton offers residents of the Northwest Territories judgment-free solutions to their debt.

As Licensed Insolvency Trustees and debt solutions professionals, 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 your virtual consultation today!

Consumer proposals in the Northwest Territories.

Consumer proposals are becoming one of the most popular debt management solutions for individuals struggling with debt in the Northwest Territories. 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.

Learn more about consumer proposals.
Image of a middle aged woman sitting on a couch with her laptop. She is researching how to file a bankruptcy in Canada. Around her image, illustrations of a calculator, numbers, a cheque and a lightbulb float.

Filing for bankruptcy in the Northwest Territories.

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.

Learn more about personal bankruptcy.

Other debt relief options available in the Northwest Territories.

  • Credit counselling: Credit counselling is a nonprofit service that helps individuals 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.

Our Licensed Insolvency Trustees for the Northwest Territories

Trusted, regulated, and knowledgeable debt solutions professionals ready to help.

Karl Michael
CPA, CIRP, LIT

Portrait image of LIT Karl Michael

Frank Fabiano
CPA, CIRP, LIT

Portrait image of LIT Frank Fabiano

Hear from people we've helped:

You won't be disappointed!

I wasn't sure how the process of a Consumer Proposal or Bankruptcy would go, but Grant Thornton made the process of learning my options and progressing through my bankruptcy so easy! If you need assistance to get out of a financial jam and you're not sure how to get out, contact your nearest Grant Thornton and you won't be disappointed! Thanks so much!

— Jason W. (Langley, BC)

Can change your life in a matter of days.

It's always scary to make that call, especially when you have no one else to turn to, but the people at Grant Thornton were amazing and can change your life in a matter of days. They are very professional, and they make sure that all your options are available with no pressure from them. They make sure that you make the decision that is in your best interest. I would definitely recommend them if you're struggling.

— Pat S. (London, ON)

We all deserve a fresh start.

I would highly suggest seeking financial help from the good people over at Grant Thornton, they were very helpful in getting the financial stress relief we so desperately needed in our family. No one wants to admit defeat, but we all deserve a fresh start and to be able to sleep at night without the worry of unmanageable debt whilst still trying to pay for the cost of living! So, reach out! You won’t regret it, we don’t!

— Daniel T. (Kentville, NS)

There was no judgment, no lecture; just support and respect.

Don’t let your pride or fear of embarrassment prevent you from calling Grant Thornton. I was ashamed that my finances got away from me. Right from the start the client representative I was working with put me at ease. There was no judgment, no lecture; just support and respect. The representative took the time to listen to my concerns and issues. In addition, there was no pressure to commit to them right on the spot. If you are struggling and need guidance, don’t let pride nor embarrassment prevent from calling them. I will definitely recommend them to others.

— Bill M. (Thunder Bay, ON)

I have a huge weight removed from my shoulders.

They are very helpful right from the beginning with explaining what was best for me. Always there when I needed something, could e-mail and get a reply right away. If you are struggling with debt don’t be afraid to call them, it was the best call I ever made. I have a huge weight removed from my shoulders.

— Mary S. (Woodstock, NB)

Take the first step to debt freedom

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

Book a free consultation

Looking for assurance, tax, and business advisory services? Visit Doane Grant Thornton LLP.

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