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DEBT ASSISTANCE AT MNP LTD IN BURNABY, BRITISH COLUMBIA

If you’ve been struggling with debt for a while — and quick fixes are only adding to your debts — you may want to consider a more permanent solution. Fortunately, your local MNP LTD office is here to help. We offer Life-Changing Debt Solutions that can help you say goodbye to debt for good. Your local Licensed Insolvency Trustee in Burnaby will work individually with you to put together a custom plan that’s right for your circumstances. We’re here to provide the guidance you need to take control of your finances and prepare for a debt-free future.

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Explore debt solutions with our Licensed Insolvency Trustees

One of our Licensed Insolvency Trustees in Burnaby will help you get to know which solutions are available to you, including:

DEBT RELIEF

At MNP LTD, we appreciate that no two financial circumstances are the same. That’s why one of our Licensed Insolvency Trustees will work closely with you to help you understand your options and determine the best path to take. You can count on us for the discreet guidance, advice and support you need to be done with debt for good.

BANKRUPTCY

Personal bankruptcy is a formal, structured process designed to help you completely reset your finances. Your local Licensed Insolvency Trustee will assist you throughout the process, including completing and filing all necessary paperwork, alerting your creditors, halting wage garnishments and helping stop further legal action against you.

CONSUMER PROPOSAL

Filed under the guidance of a Licensed Insolvency Trustee, a consumer proposal allows you to develop and negotiate a formal agreement between you and your creditors in which you will pay back a portion of your debts over time, up to a five-year maximum term. One of the advantages of a consumer proposal is that it allows you to keep assets that might otherwise be seized in a bankruptcy.

DEBT CONSOLIDATION

A debt consolidation loan merges multiple debts into a single monthly payment, normally at an interest rate that’s lower than your current credit card debt. With debt consolidation, having only one monthly debt payment to keep track of can make it easier for you to manage your finances. Our Licensed Insolvency Trustees are accredited insolvency counsellors and will discuss the options available to you, so you so can make an informed decision — and take the first step toward a debt-free future.

INSOLVENCY

Different in meaning than bankruptcy, which is a legal process, insolvency refers to a financial state of not being able to meet debt payments on time. While declaring bankruptcy can relieve insolvency, it may not be the only option available to you — other solutions could include a consumer proposal or a debt consolidation loan.

When it comes to finding the right debt solution, understanding your options is fundamental. Whether you want to know the advantages and disadvantages of filing for bankruptcy versus making a consumer proposal, or you want to know what steps are involved in consolidating credit, your local MNP LTD bankruptcy trustee in Burnaby is here to walk you through every solution. Start your journey to a debt-free future with a free confidential consultation.

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