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DEBT ASSISTANCE AT MNP LTD IN GRAND VALLEY, ONTARIO

If you’re feeling weighed down by debt — and quick solutions are only pulling you deeper into debt — it may be time to take a long-term approach. This is what makes MNP LTD different. Our Life-Changing Debt Solutions are purposely designed to help you put debt in the past, once and for all. Your local Licensed Insolvency Trustee in Grand Valley will work individually with you to put together a custom plan that’s right for your 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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Navigate your options with our Licensed Insolvency Trustees

One of our Licensed Insolvency Trustees in Grand Valley will help you get to know which solutions are available to you, including:

DEBT RELIEF

At MNP LTD, we are mindful that every 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. You can count on us for the discreet guidance, advice and support you need to be done with debt for good.

BANKRUPTCY

Declaring bankruptcy is a structured, formal process designed to provide you with a fresh financial start. One of our Licensed Insolvency Trustees will walk you through every step of the process, including preparing and filing all mandatory documents, informing your creditors, putting a stop to wage garnishments and helping avert any 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). One of the differences between a consumer proposal and bankruptcy is that you get to keep all assets — assets that could potentially be taken away in a bankruptcy.

DEBT CONSOLIDATION

A debt consolidation loan combines multiple debts into one monthly payment, which is often at a lower interest rate than your credit card debt. Not having to make several debt payments every month can help make it easier to budget for repayment. 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

Sometimes incorrectly used as a synonym for bankruptcy, which is a legal process, insolvency is a financial state in which a person can’t pay back lenders on time. If you are insolvent, you may be considering filing for bankruptcy; however, alternative solutions could also be available to you, like a consumer proposal or debt consolidation loan.

Deciding on the right debt solution starts with getting informed. Your local MNP LTD bankruptcy trustee in Grand Valley is here to answer all of your questions, from outlining the differences between declaring bankruptcy and making a consumer proposal to detailing the process of consolidating credit. Take the first step: request a free confidential consultation today.