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DEBT ASSISTANCE AT MNP LTD IN DUNDAS, ONTARIO

If you’re struggling to break free from the cycle of debt — and short-term fixes are only sinking you further into debt — it’s time to consider a more permanent approach. MNP LTD is here to help. Our Life-Changing Debt Solutions are intended to help you stop the cycle of debt once and for all. Your local MNP LTD Licensed Insolvency Trustee in Dundas will work closely with you to design a unique plan that best suits your situation. We empower you to get back on solid financial ground, so you can finally enjoy a debt-free life.

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Find the right option with the help of a Licensed Insolvency Trustee

You can count on your local MNP LTD Licensed Insolvency Trustee in Dundas to detail the solutions that may be right for you, including:

DEBT RELIEF

At MNP LTD, we appreciate that no two financial circumstances are the same. This is why one of our Licensed Insolvency Trustees will walk you through your options and help you decide on the right path to take. We’re here to provide unbiased, non-judgemental guidance, support and advice every step of the way, so you can put an end to your debt for good.

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

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. 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.

When it comes to deciding between debt solutions, getting informed is the first step. From learning the ins and out of consolidating credit to understanding the pros and cons of bankruptcy versus a consumer proposal, your local MNP LTD bankruptcy trustee in Dundas is here provide the guidance, advice and support you need. Start today with a free confidential consultation.

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