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DEBT ASSISTANCE AT MNP LTD IN PORT COQUITLAM, BRITISH COLUMBIA

If you’re overwhelmed by personal debt — and short-term solutions are only sinking you deeper into the cycle of debt — it’s time to consider a long-term approach. This is 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 Port Coquitlam will work one-on-one with you to develop a personalized plan that works best for your unique 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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Get to know your options with our Licensed Insolvency Trustees

One of our Licensed Insolvency Trustees in Port Coquitlam will carefully review all of the options that may work for you, including:

DEBT RELIEF

At MNP LTD, we recognize that every debt challenge is different. 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. Get the unbiased advice and confidential guidance you need to stop worrying about debt and start living again.

BANKRUPTCY

The structured, formal process of personal bankruptcy enables you to start from scratch with your finances. One of our Licensed Insolvency Trustees at your local MNP LTD office will lead you through each step of the process, from preparing and filing all necessary documents, alerting your creditors, stopping wage garnishments and helping prevent further legal action against you.

CONSUMER PROPOSAL

The consumer proposal process is administered by a Licensed Insolvency Trustee and involves developing a formal, legally binding offer to your creditors that sets out a plan for paying back a portion of your unsecured debts over a period of up to five years. As an alternative to filing for bankruptcy, a consumer proposal allows you to keep assets that might otherwise be taken away in a bankruptcy.

DEBT CONSOLIDATION

If you are approved for a debt consolidation loan, all of your debts will be merged into one overall monthly payment, which is often at a lower interest rate than your credit card debt. Because you only have one monthly debt payment to keep track of, debt consolidation helps take the guesswork out of paying bills and can make budgeting easier. Rest assured, your local MNP LTD Licensed Insolvency Trustee will help you explore your options, so you can decide on the best course of action for a debt-free future.

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 filing for bankruptcy can resolve insolvency, it may not be your only option — depending on your situation, you might also be able to make a consumer proposal or take out a debt consolidation loan.

When it comes to deciding between debt solutions, getting informed is the first step. Your local MNP LTD bankruptcy trustee in Port Coquitlam is here to provide all the guidance and support you need, from explaining the key differences between a consumer proposal and bankruptcy to outlining the process of consolidating credit. A debt-free future awaits: request a free confidential consultation today.

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