MGM Trustee

Licensed Insolvency Trustee

DEBT RELIEF is only a phone call or click away

At MGM Trustee we know your options for debt relief. From debt counselling to bankruptcy our team in Sydney can suggest a course of action that suits you and your financial needs. We can stop the harassment from creditors, reduce your stress and get you back on track.


When people are facing financial difficulties, there are various options that are available to relieve the stress and financial burden. The best solution depends on various factors unique to each individual's personal and financial circumstances. Some of the options may include:

Calculator
  • Financial and budget counselling
  • Informal arrangements
  • Proposals
    • Consumer Proposal 
    • Division I Proposal 
  • Bankruptcy

Financial and Budget Counselling

MGM Trustee will help provide the necessary tools to help repair and strengthen the path to meeting your current obligations and future plans. The first steps in taking charge of your finances and reducing financial stress are:

  • Identify problem areas and determining the cause of your financial difficulties
  • Review income and expenses
  • Explore the various types of budgeting tools 
  • Explore the benefits of budgeting and taking control of your money
  • Identify ways of saving money today
  • Set and achieve financial goals
  • Build a budget for you and your financial needs
  • Explore the benefits of a cash diet


Contact MGM Trustee for more information to build, repair and maintain a sound budget and take control of your finances.

Informal Arrangements

Depending on your financial circumstances, there are options available to solve your financial problems that are not legislative which may include:
Contacting the creditors directly to reduce interest, reduce payment, extend term, except lump sum, etc.

  • Contacting the creditors directly to reduce interest, reduce payment, extend term, accept lump sum in lieu of full payment, etc.
  • Not regulated by the Federal Government
  • Not legally binding with creditors
  • Can be difficult to get all creditors in agreement


Debt consolidation - one contract to payout two or more debts

  • Lender determines terms of contract based on your personal finances and circumstances ex: interest rate
  • May not be able to encompass all debt

Explore Your Options

Contact MGM Trustee for a free consultation to help take back control of your finances.

Contact Us
MGM Trustee

Licensed Insolvency Trustee

DEBT RELIEF is only a phone call or click away

Resident Trustee Office - Commerce Tower

15 Dorchester Street, Sydney, NS B1P 5Y9

Hours
Monday - Friday: 8:30 AM - 5:00 PM

Service Area

Appointments available in Glace Bay, North Sydney, Baddeck, and Port Hawskesbury

MacKenzie, Gillis, MacDougall Inc., Licensed Insolvency Trustee operating as MGM Trustee

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