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DEBT ASSISTANCE AT MNP LTD IN LAKE COWICHAN, BRITISH COLUMBIA

If you’re feeling overwhelmed by debt — and temporary fixes are only adding to your financial burden — it’s time to look into a more permanent solution. This is exactly what sets MNP LTD apart. Our Life-Changing Debt Solutions are purposely designed to help you put debt in the past, once and for all. One of our Licensed Insolvency Trustees in Lake Cowichan will work side-by-side with you to create a customized plan that works best for your individual situation. We empower you to resolve your financial challenges, so you can finally become debt free.

There are 8 offices near you

Navigate your options with our Licensed Insolvency Trustees

When you visit your local MNP LTD Licensed Insolvency Trustee in Lake Cowichan, we’ll discuss the options that may be right for you, such as:

DEBT RELIEF

At MNP LTD, we recognize that each situation is unique. For this reason, one of our Licensed Insolvency Trustees will carefully explain all of your options and help you determine the right path to take. We’re here to provide the confidential guidance, support and unbiased advice you need to stop the cycle of debt once and for all.

BANKRUPTCY

Declaring bankruptcy is a structured, formal process designed to provide you with a fresh financial start. The process will be led by a Licensed Insolvency Trustee who will assist you at every step, from preparing and filing all mandatory documents to alerting 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 differences between a consumer proposal and bankruptcy is that you get to keep all assets — assets that could potentially be taken away in a bankruptcy.

DEBT CONSOLIDATION

Once you are approved for a debt consolidation loan, all of your debts will combine into one monthly payment, generally at a reduced interest rate — one that’s lower than your credit card debt. With only one debt payment to make each month, debt consolidation helps take the guesswork out of paying bills on time. As Licensed Insolvency Trustees, we are accredited insolvency counsellors who will help you better understand your options, so you can select the right path towards living a debt-free life.

INSOLVENCY

Not to be confused with bankruptcy, which is a legal process, insolvency is a financial state in which an individual cannot meet debt payments on time. While insolvency is a condition can lead to declaring bankruptcy, you may have other options to consider, such as a consumer proposal or other debt consolidation options.

When looking for debt solutions, it’s vital to understand your options. Whether you’re trying to understand the difference between bankruptcy and a consumer proposal or you want to learn more about the process of consolidating credit, your local MNP LTD bankruptcy trustee in Lake Cowichan is here to help every step of the way. Get started with a free confidential consultation.