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DEBT ASSISTANCE AT MNP LTD IN SUDBURY, ONTARIO

If you’re feeling overwhelmed by debt — and temporary fixes are only adding to your financial burden — it’s time to look into a more permanent solution. Fortunately, your local MNP LTD office is here to help. 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 Sudbury 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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Navigate your options with our Licensed Insolvency Trustees

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

DEBT RELIEF

AT MNP LTD, we know every debt challenge is different. 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. With us, you can expect the discreet guidance and unbiased advice you need to erase debt from your life.

BANKRUPTCY

Filing for bankruptcy is a structured, formal process that gives you the opportunity to start fresh with your finances. One of our local Licensed Insolvency Trustees will guide you through every step of the process, including the preparation and filing of all mandatory paperwork, notifying creditors, stopping 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. 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

If you qualify for a debt consolidation loan, all of your debts will be combined into one monthly payment, generally at an interest rate that’s lower than your current 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. 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

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 insolvency can lead to filing for bankruptcy, there may be other debt relief solutions to consider, including debt consolidation loans or a consumer proposal.

Debt solutions aren’t one-size-fits-all, which is why it’s essential to get educated about your options. 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 Sudbury is here to help every step of the way. Start your journey to a debt-free future with a free confidential consultation.