DEBT ASSISTANCE AT MNP LTD IN LAKESHORE, ONTARIO
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. This is what makes MNP LTD different. We provide Life-Changing Debt Solutions that are focused on helping your erase personal debt for good. Your local MNP LTD Licensed Insolvency Trustee in Lakeshore will work closely with you to design a unique plan that best suits your situation. We’re ready to help you overcome your financial challenges, so you can start living a debt-free life.
There is 1 office near you
Find the right option with the help of a Licensed Insolvency Trustee
You can count on your local MNP LTD Licensed Insolvency Trustee in Lakeshore to detail the solutions that may be right for you, including:
At MNP LTD, we know every situation is different. This is why you can expect to work privately with one of our Licensed Insolvency Trustees, who will help you better understand all of your options and decide on the best path to take. With us, you can expect the discreet guidance and unbiased advice you need to erase debt from your life.
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 administer the entire process from start to finish, including assisting you in the completion and filing of all required paperwork, informing your creditors, putting a stop to wage garnishments and working to prevent further legal action against you.
Administered by a Licensed Insolvency Trustee, a consumer proposal is a formal agreement between you and your creditors that allows you to make fixed monthly payments over a set period of time (up to a maximum of 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.
A debt consolidation loan combines multiple debts into a single overall loan that you will pay off every month, typically at a better interest rate than your credit card debt. With debt consolidation, you don’t have to worry about keeping track of multiple debt payments, which can make it easier to budget. Our Licensed Insolvency Trustees are accredited insolvency counsellors who will explore all of your options with you, so you can make the best decision for your circumstances and plan for a debt-free future.
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. While insolvency can lead to filing for bankruptcy, there may be other debt relief solutions to consider, including debt consolidation loans or a consumer proposal.
Getting to know your options is an important first step in finding the right debt solution. From learning the key differences between bankruptcy and a consumer proposal to understanding what’s involved in the process of consolidating credit, you can count on your local MNP LTD bankruptcy trustee in Lakeshore to guide you every step of the way. Start on the path to a debt-free future: get a free confidential consultation today.