Debt Management Plans in Greater Sudbury, Ontario
A Debt Management Plan (DMP) in Greater Sudbury is arranged through a non-profit credit counselling agency. The agency negotiates reduced interest rates with your creditors, and you make a single monthly payment. You repay 100% of the principal, but with significantly reduced or eliminated interest. The typical DMP takes 3 to 5 years to complete. Credit counselling agencies serving Greater Sudbury include Credit Counselling Society and Credit Canada.
Licensed Insolvency Trustees in Greater Sudbury
All providers listed below are licensed by the Office of the Superintendent of Bankruptcy. Initial consultations are typically free.
Caryl Newbery-Mitchell
Ajax
View profile →Jordan Rumanek
Alliston
View profile →Caryl Newbery-Mitchell
Barrie
View profile →Jason Quinney
Barrie
View profile →John Morgan
Barrie
View profile →Robert Kilner
Barrie
View profile →Shannon Jackson
Barrie
View profile →F. Jason Zielski
Belleville
View profile →Richard Goldhar
Belleville
View profile →Carl Rumanek
Brampton
View profile →Jordan Rumanek
Brampton
View profile →Richard Killen
Brampton
View profile →Samantha Galea
Brampton
View profile →Michael Braga
Brantford
View profile →André Bolduc
Brockville
View profile →Joel Easter
Burlington
View profile →Kathy Lenart
Burlington
View profile →Sonya Strand
Burlington
View profile →Michael Braga
Cambridge
View profile →Karen Liberty
Chatham
View profile →Learn More
Frequently Asked Questions
How does a DMP work in Greater Sudbury?
A credit counselling agency negotiates reduced interest rates with your creditors. You make a single monthly payment to the agency, which distributes funds to your creditors. You repay 100% of the principal.
How long does a DMP take?
Most Debt Management Plans take 3 to 5 years to complete. The exact timeline depends on your total debt and monthly payment amount.
MyClearDebt is not a debt relief provider. We do not provide financial or legal advice. Only Licensed Insolvency Trustees can administer consumer proposals and bankruptcies in Canada. Verify any provider's licence on the OSB register.