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DEBT ASSISTANCE AT MNP LTD IN ST. JOHN'S, NEWFOUNDLAND AND LABRADOR

If you’re stuck on the rollercoaster of debt — and temporary fixes just aren’t working for you — it’s time to find a more permanent solution. This is exactly what sets MNP LTD apart. We provide Life-Changing Debt Solutions that can help you erase debt from your life once and for all. One of our Licensed Insolvency Trustees in St. John's will guide you in creating a personalized action plan that’s right for your situation. 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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Find the right option with the help of a Licensed Insolvency Trustee

Your local MNP LTD Licensed Insolvency Trustee in St. John's is here to help you navigate your options, which may include:

DEBT RELIEF

AT MNP LTD, we know that debt relief is not one-size-fits-all. That’s why you can expect to work closely with one of our Licensed Insolvency Trustees, who will help you fully understand your options and decide on the best course of action. With us, you can expect the discreet guidance and unbiased advice you need to erase debt from your life.

BANKRUPTCY

The formal, structured process of declaring bankruptcy offers you the opportunity to rebuild your finances from scratch. 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

In a consumer proposal, you’ll work with a Licensed Insolvency Trustee to negotiate a formal agreement between you and your creditors to make fixed monthly payments over time, up to a five-year maximum. 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 all of your debts into one overall loan that you will pay off on a monthly basis, usually at a lower interest rate than your credit card debt. Debt consolidation helps take the frustration out of juggling multiple debt payments, as only having one monthly debt payment to keep track of can make it easier to stay on top of 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

While insolvency is often confused with bankruptcy, the two are not the same: bankruptcy is a formal legal process, and insolvency is a financial state in which an individual is unable to pay back lenders 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.

Deciding on the right debt solution starts with getting informed. 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 St. John's is here to help every step of the way. Get started with a free confidential consultation.

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