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DEBT ASSISTANCE AT MNP LTD IN MARKHAM, ONTARIO

If you’re struggling to make ends meet — and temporary solutions are only pushing you further into debt — it’s time to take a more permanent approach. This is what sets MNP LTD apart. We provide Life-Changing Debt Solutions that can help you erase debt from your life once and for all. You’ll work side-by-side with one of our Licensed Insolvency Trustees in Markham to develop a tailored plan of action that best meets your unique needs. We’re ready to help you get back on solid financial ground, so you can successfully prepare for a debt-free future.

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Compare debt solutions with a Licensed Insolvency Trustee

Your local MNP LTD Licensed Insolvency Trustee in Markham is always here to discuss all the solutions that may be available to you, including:

DEBT RELIEF

At MNP LTD, we know every situation is different. That’s why you’ll work closely with one of our Licensed Insolvency Trustees, who will walk you through your options and help you select the best course of action for your situation. You can count on us for the discreet guidance, advice and support you need to be done with debt for good.

BANKRUPTCY

The structured, formal process of personal bankruptcy enables you to start from scratch with your finances. 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

The consumer proposal process is administered by a Licensed Insolvency Trustee and involves developing a formal, legally binding offer to your creditors that sets out a plan for paying back a portion of your unsecured debts over a period of up to five years. As an alternative solution to declaring bankruptcy, a consumer proposal allows you to hold onto all assets — assets that might otherwise need to be handed over 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 only one monthly debt payment to stay on top of, debt consolidation can make it easier to budget and pay 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

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 declaring bankruptcy can relieve insolvency, it may not be the only option available to you — other solutions could include a consumer proposal or a debt consolidation loan.

Debt solutions aren’t one-size-fits-all, which is why it’s essential to get educated about your options. 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 Markham to guide you every step of the way. Get started with a free confidential consultation.