Insolvency Merger Will Help More Quebecers Get Back On Solid Financial Ground

Marketplace to benefit with MNP resources and personalized debt solutions For immediate release AUGUST 26, 2015, CALGARY, AB—Cliche Madore, a consumer insolvency firm based in St-Georges, in the Beauce region of Quebec, will merge with MNP LLP, effective September 1, 2015.   “MNP is very excited about this merger. Not only will we be strengthening our personal insolvency practice by gaining additional expertise and resources in existing Quebec locations, but this merger expands our presence into the Beauce region,” said Grant Bazian, CIRP, Trustee and the President and CEO of MNP Ltd. “From a business perspective this is no doubt an exciting opportunity, but our top priority at the moment is to work closely with Cliche Madore to ensure that the transition is smooth for all clients and team members involved.” MNP Ltd., the insolvency division of MNP LLP, currently operates from 36 locations in the province of Quebec; from Quebec City to Montreal to Hull/Gatineau. In addition to the resident office in Saint-Georges, Cliche Madore also operates out of two satellite offices in Thetford Mines and Sainte-Marie. MNP’s two, current satellite offices in Victoriaville and Quebec City will now align with Cliche Madore’s resident office. “This merger will help our firm achieve its strategic goal of offering more individuals personal insolvency services and tailored debt solutions,” adds Bazian. “We are now close to having complete coverage for the entire province of Quebec.” Cliche Madore was established in March 2014 by Jean-François Cliche, CIRP, Trustee and Pierre Madore, CIRP, Trustee. They started the practice because they believed that the Beauce region needed local professionals to help individuals suffering from financial distress.   “We started our own firm because we wanted to make a difference. When the opportunity came to join forces with MNP, we realized we could make an even greater difference together,” said Jean-François Cliche. “MNP has a true passion for helping their clients. We are excited to join a firm that shares our commitment to serving our community and providing quality services. Both our firms offer personalized solutions delivered by local professionals who make a sincere effort to get to know the people in their community.  It’s the perfect fit.” MNP Limited has been helping individuals and businesses across Canada resolve their financial problems for more than 50 years. In addition to delivering Consumer Insolvency services in consumer proposals and personal bankruptcy, MNP provides a full range of Corporate Recovery services. “Consumer Insolvency is a practice area where our team excels and we are very excited about extending our expertise to more people and markets,” adds Frédéric Lachance, CIRP, Trustee, MNP LTD.’s Consumer Insolvency Leader for Quebec. “I am looking forward to working with Jean-François and his team as we continue to help individuals in Quebec get back on solid financial ground.” This recent merger increases MNP’s local consumer Insolvency presence to a total of 39 locations across Quebec. About MNP MNP is a leading national accounting, tax and business consulting firm in Canada. We proudly serve and respond to the needs of our clients in the public, private and not-for-profit sectors. Through partner-led engagements, we provide a collaborative, cost-effective approach to doing business and personalized strategies to help organizations succeed across the country and around the world. MNP Ltd., a division of MNP LLP, is one of the largest personal insolvency practices in Canada. For more than 50 years, our experienced team of Government-Licensed Trustees and advisors have been working collaboratively with individuals to help them recover from times of financial distress and regain control of their finances. Visitwww.MNP.ca andwww.MNPDebt.caGrant Bazian, CIRP, Trustee President & CEO of MNP Ltd. MNP LLP 604.639.0001 grant.bazian@mnp.ca    Jean-François Cliche, CIRP, Trustee Partner 418 228-2821 jfcliche@cmsyndics.com