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DEBT ASSISTANCE AT MNP LTD IN DAUPHIN, MANITOBA

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. That’s where MNP LTD stands out. 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 Dauphin will work privately with you to put together the right plan of action for your unique circumstances. We empower you to take control of your finances, so you can plan for a debt-free future.

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Compare debt solutions with a Licensed Insolvency Trustee

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

DEBT RELIEF

At MNP LTD, we recognize that each situation is unique. Rest assured, one our Licensed Insolvency Trustees will guide you through your options, so you can make the best decision for your circumstances. Get the unbiased advice and confidential guidance you need to stop worrying about debt and start living again.

BANKRUPTCY

The structured, formal process of declaring bankruptcy is intended to give individuals 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

Developed with help of a Licensed Insolvency Trustee, a consumer proposal is a legally binding agreement between you and your creditors that outlines a plan for paying back your unsecured debt within a maximum term of five years. As an alternative solution to declaring bankruptcy, a consumer proposal allows you to hold onto all assets — assets that might otherwise need to be handed over 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. As Licensed Insolvency Trustees, we are accredited insolvency counsellors who will guide you through your options, so you can choose the best path to a debt-free future.

INSOLVENCY

Insolvency and bankruptcy may sound like the same thing, but they have different meanings: insolvency is a financial state of not being able to make debt payments on time, whereas bankruptcy is a legal process. 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 choosing the right debt solution for your needs, it’s important to get informed. Whether you’re trying to wrap your head around the differences between bankruptcy and a consumer proposal or you’re interested in learning more about the steps involved in consolidating credit, you can turn to your local MNP LTD bankruptcy trustee in Dauphin for the complete guidance and support you need. Get started today with a free confidential consultation.