--- title: Debt relief in Newfoundland and Labrador date: 2025-04-16T12:23:00-04:00 canonical_url: "https://grantthorntonlimited.ca/en/locations/debt-relief-in-newfoundland-and-labrador" section: Pages --- # **Debt relief** in Newfoundland and Labrador Explore your debt relief options in Newfoundland and Labrador, Canada. [Find an office near you.](#service-section) [ Book your free consultation! ](https://grantthorntonlimited.ca/en/get-in-touch/contact-us) ![Graphic that includes an aerial view image of Corner Brook, Newfoundland and an image of downtown St. John's, featuring the Basilica of St. John the Baptist.](https://pr-assets.grantthorntonlimited.ca/craftcmsimages/Content-block-imagery-and-graphics/_imageLarge/Newfoundland.png) ![Mean appearing on the screen of a laptop screen explaining the benefits of filing a consumer proposal](https://pr-assets.grantthorntonlimited.ca/craftcmsimages/Additional-imagery/_imageLarge/women-virtual-meeting.png) ## Doane 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!](https://grantthorntonlimited.ca/en/get-in-touch/contact-us) ## **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. [ Learn more about consumer proposals. ](https://grantthorntonlimited.ca/en/consumer-proposal/what-is-a-consumer-proposal) ![A man holding his cell phone and smiling](https://pr-assets.grantthorntonlimited.ca/craftcmsimages/Content-block-imagery-and-graphics/_imageLarge/Media_2023-10-19-164222_slho.png) ![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.](https://pr-assets.grantthorntonlimited.ca/craftcmsimages/Content-block-imagery-and-graphics/_imageLarge/How-do-I-file-a-bankruptcy_2026-06-02-130927_nwno.png) ## **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. [ Learn more about personal bankruptcy. ](https://grantthorntonlimited.ca/en/bankruptcy/what-is-bankruptcy) ## **What assets can I keep during bankruptcy in Newfoundland and Labrador?** In all provinces and territories, you can generally keep essential items up to a certain value—like necessary clothing and household goods, most retirement savings, Registered Disability savings plans, and most life insurance policies and pension plans. [Learn more detailed information about what assets you can keep in your province.](https://grantthorntonlimited.ca/en/debt-help-resources/articles/article-what-assets-can-i-keep-in-bankruptcy) **Exemptions specific to Newfoundland and Labrador include:** - The equity in your principal residence, up to a value of $10,000. - One motor vehicle, up to a value of $2,000. - Domesticated animals that are kept as pets. - Enough food for you and your dependents over the next 12 months, as well as fuel or heating. - Items of sentimental value, up to $500. - Tools of the trade (i.e., tools, equipment, books, computer), if you are self-employed, up to a value of $10,000. - Medical and dental aids required by you and your dependents. - DPSPs (Deferred Profit-Sharing Plans). ## **Other debt relief options** available in Newfoundland and Labrador. *Please note these services are not offered by Licensed Insolvency Trustees.* - **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](https://grantthorntonlimited.ca/en/debt-help-resources/articles/consolidation-loan-vs-consumer-proposal-whats-the-difference) 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. ### Adam Cardwell CIRP, LIT - [1 (709) 778-8808](tel:17097788808) - ![Portrait image of LIT Adam Cardwell](https://pr-assets.grantthorntonlimited.ca/craftcmsimages/Content-block-imagery-and-graphics/Adam-Cardwell.png) [ About Adam ](https://grantthorntonlimited.ca/en/about-us/our-team/adam-cardwell-about-me) ### Kaitlin Verge CIRP, LIT - [1 (902) 455-5608](tel:19024555608) - ![Portrait image of LIT Kaitlin Verge](https://pr-assets.grantthorntonlimited.ca/craftcmsimages/Content-block-imagery-and-graphics/Kaitlin-2026-light-purple-team-page.png) [ About Kaitlin ](https://grantthorntonlimited.ca/en/about-us/our-team/kaitlin-verge-about-me) ### Blaire MacNeil CPA, CIRP, LIT - [1 (902) 549-5529](tel:19025495529) - ![Portrait image of LIT Blaire MacNeil](https://pr-assets.grantthorntonlimited.ca/craftcmsimages/Content-block-imagery-and-graphics/Blaire-MacNeil.png) [ About Blaire ](https://grantthorntonlimited.ca/en/about-us/our-team/blaire-macneil-about-me) ## **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.](https://grantthorntonlimited.ca/en/get-in-touch/contact-us) ### **St. John's** - [1 (709) 778-8844](tel:17097788844) - [Get directions](https://maps.app.goo.gl/8cgBLTdcGpvmmsSSA) - [Leave a Google review](https://g.page/r/CcOfSKyLXmCXEAI/review) 15 International Place, Suite 300 [ Learn more ](https://grantthorntonlimited.ca/en/locations/st-johns-newfoundland-and-labrador) ### **Corner Brook** - [1 (709) 634-2055](tel:17096342055) - [Get directions](http://maps.google.com/?q=4%2C%20Herald%20Avenue%2C%20Suite%20201%2C%20Corner%20Brook%2C%20A2H%204B4%2C%20Newfoundland%20and%20Labrador%2C%20Canada) - [Leave a Google review](https://g.page/r/CfQsxRhGyt6OEAI/review) 4 Herald Avenue, Suite 201 [ Learn more ](https://grantthorntonlimited.ca/en/locations/corner-brook-newfoundland-and-labrador) ### **Gander** - [1 (709) 651-7213](tel:17096517213) - [Get directions](https://www.google.com/search?q=Grant+Thornton+Limited+-+Licensed+Insolvency+Trustees,+Bankruptcy+and+Consumer+Proposals&stick=H4sIAAAAAAAA_w3IsQrCMBAA0EnxMw7BTaE2qVFHHURwcOjgmjYXWmzvSi6R-jt-qdkeb7Vcb4pZN-bglTZWW1M6o87F7NHvm-pUKSyVPxr1W7xuwVKEuuNAkQke_dhHdLDLapEk807Cwwep_UIdkkRE2cLF0jukKea05ODKJGnEAM_AE4sd5A9b4MQghAAAAA&hl=en&mat=CZuO4aRmt4oVElcBmzl_pZTcLNN7U1fXZYGKK2hYKlcpJfeCk_8b_v06oBadwN4tAdYPsbTpg5dhAlX6hqYhRaK4LdrMEmltqU7cPh3vZtz9GYbOo6FG2wZ8ebt0MEb5xSI&authuser=1) - [Leave a Google review](https://g.page/r/CXP4Iz6VtfH-EAI/review) 1 Markham Place, 2nd Floor [ Learn more ](https://grantthorntonlimited.ca/en/locations/gander-newfoundland-and-labrador) ### **Marystown** - [1 (709) 279-4855](tel:17092794855) - [Get directions](https://www.google.com/search?q=grant+thornton+limited+marystown&oq=grant+thornton+limited+marystown&gs_lcrp=EgRlZGdlKgYIABBFGDkyBggAEEUYOdIBCDQ3MjNqMGo0qAIAsAIB&sourceid=chrome&ie=UTF-8&lqi=CiBncmFudCB0aG9ybnRvbiBsaW1pdGVkIG1hcnlzdG93blosIiBncmFudCB0aG9ybnRvbiBsaW1pdGVkIG1hcnlzdG93bioICAIQABABEAKSARJiYW5rcnVwdGN5X3NlcnZpY2WqAVQKCS9tLzA1cGdybRABMh8QASIbhTMGrl0QCWMKzaMV3KWJ2Dtp1SewRd7nBR4uMiQQAiIgZ3JhbnQgdGhvcm50b24gbGltaXRlZCBtYXJ5c3Rvd24#rlimm=13995271843955533220) - [Leave a Google review](https://g.page/r/CaTl_omXMTnCEAI/review) 2 Queen Street [ Learn more ](https://grantthorntonlimited.ca/en/locations/marystown-newfoundland-and-labrador) ### **Grand Falls-Windsor** - [1 (709) 489-6389](tel:17094896389) - [Get directions](https://www.google.com/search?q=grant+thornton+limited+grand+falls-windsor&safe=active&sca_esv=60f97cbc684a995f&sxsrf=AHTn8zp1ZsHXQJGRU2NIJ54DlL2VjJ1-RQ%3A1743678345219&ei=iWvuZ5eMDZHbptQP6LmluAM&oq=grant+thornton+limited+grand&gs_lp=Egxnd3Mtd2l6LXNlcnAiHGdyYW50IHRob3JudG9uIGxpbWl0ZWQgZ3JhbmQqAggAMgQQIxgnMggQABiABBiiBDIIEAAYogQYiQUyBRAAGO8FMgUQABjvBTIFEAAY7wVInB1Q2AZYrgtwAXgAkAEAmAGGAaABkwWqAQMxLjW4AQHIAQD4AQGYAgagAtUEwgIKEAAYsAMY1gQYR8ICBRAAGIAEwgIGEAAYFhgewgICECbCAgUQIRigAcICBRAhGJ8FmAMAiAYBkAYIkgcDMS41oAfZJ7IHAzAuNbgHzgQ&sclient=gws-wiz-serp&lqi=CipncmFudCB0aG9ybnRvbiBsaW1pdGVkIGdyYW5kIGZhbGxzLXdpbmRzb3JaNiIqZ3JhbnQgdGhvcm50b24gbGltaXRlZCBncmFuZCBmYWxscyB3aW5kc29yKggIAhAAEAEQApIBEmJhbmtydXB0Y3lfc2VydmljZaoBXgoJL20vMDI5NW15EAEyHxABIhuBdqsNBtEfBEBnxnNy-FBQsFbQIA5dKHJCwpIyLhACIipncmFudCB0aG9ybnRvbiBsaW1pdGVkIGdyYW5kIGZhbGxzIHdpbmRzb3I#rlimm=3505352644073656481) - [Leave a Google review](https://g.page/r/CaGQfFqog6UwEAI/review) 5b Harris Avenue [ Learn more ](https://grantthorntonlimited.ca/en/locations/grand-falls-windsor-newfoundland-and-labrador) ## Hear from people **we've helped:** ### **Above and beyond.** The representative for Newfoundland is absolutely amazing. His name is Adam Cardwell and he went above and beyond. I reached out to other insolvency companies who treated me with absolutely zero respect, but Adam treated me like a human being, and I can never thank him enough for his kindness. — Donna H. (St. John's) ### **So very kind and compassionate.** I was having trouble consolidating my debt with another company as the trustee was very unprofessional and extremely inconsiderate. I reached out to Doane Grant Thornton and Adam was amazing. So very kind and compassionate and understanding...Adam was very professional and made this transition very comfortable for me. I would recommend Adam for all your financial concerns. It was truly a pleasure to deal with him and the company. Keep up the great work Adam and thank you for all your work! — Brenda M. (St. John's) ### **Amazingly helpful and supportive.** Went with a family member to see insolvency trustee Adam Cardwell with Doane Grant Thornton in St. John’s. He was amazingly helpful and supportive. Made the whole experience a lot less stressful. He explained the options clearly and answered all of our questions. I would definitely recommend this company and Adam in particular. — AP (St. John's) ### **Reduced my stress level by 100%** I am so happy that I reached out to Doane Grant Thornton for advice about my financial situation. Fantastic meeting with their representative (Adam Cardwell) who explained the whole process and reduced my stress level by 100%. I highly recommend them! 5 Stars!! — Glenn P. (St. John's) ### **Overall, it was a great experience.** Adam was super helpful and explained everything very clearly. He made everything easy to understand. Overall, it was a great experience! — Arron (St. John's) ## **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 ](https://grantthorntonlimited.ca/en/get-in-touch/contact-us)