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DEBT ASSISTANCE AT MNP LTD IN MCCREARY, MANITOBA

If you’ve been battling debt for a long time — and temporary solutions are only increasing your financial burden — you may need to take a more permanent approach. That’s where MNP LTD stands out. We offer Life-Changing Debt Solutions that can help you say goodbye to debt for good. One of our Licensed Insolvency Trustees in McCreary 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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Understanding your options with our Licensed Insolvency Trustees

Understanding your options starts with a confidential consultation with one of our Licensed Insolvency Trustees in McCreary, where we’ll discuss solutions including:

DEBT RELIEF

AT MNP LTD, we know every debt challenge is different. This is why your local Licensed Insolvency Trustee will take the time to help you understand your solutions and select the most appropriate 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

As a structured, formal process, the purpose of bankruptcy is to provide you with a fresh financial start. Your local MNP LTD Licensed Insolvency Trustee will guide you every step of the way, including helping you prepare and file all required documents, notifying your creditors, stopping wage garnishments and helping prevent further legal action against you.

CONSUMER PROPOSAL

Overseen by a Licensed Insolvency Trustee, the consumer proposal process involves developing a formal offer to your creditors to settle your unsecured debt via fixed monthly payments over a specific period of time (no longer than five years). As an alternative to personal bankruptcy, a consumer proposal lets you keep assets that you might otherwise lose in a bankruptcy.

DEBT CONSOLIDATION

A debt consolidation loan takes all of your debts and combines them into a single loan that you will pay off each month, normally at an interest rate that’s better 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. Your local MNP Licensed Insolvency Trustees are accredited insolvency counsellors who will help you decide on the right path for your situation, so you can plan for a debt-free future.

INSOLVENCY

Sometimes mistaken as interchangeable terms, insolvency and bankruptcy mean two different things: bankruptcy is defined as a legal process, whereas insolvency is a financial state where a person is unable to pay back creditors on time. While being insolvent could lead to filing for bankruptcy, there may be other paths to take, such as making a consumer proposal or taking out a debt consolidation loan.

When it comes to choosing the right debt solution for your needs, it’s important to get informed. From learning the difference between filing for bankruptcy and making a consumer proposal to understanding the process of consolidating credit, your nearby MNP LTD bankruptcy trustee in McCreary is ready to assist you one-on-one. Get a free confidential consultation today.

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