DEBT ASSISTANCE AT MNP LTD IN TOWNSEND, 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. That’s where MNP LTD stands out. Our Life-Changing Debt Solutions are designed to help you eliminate personal debt for good. One of our Licensed Insolvency Trustees in Townsend will work privately with you to put together the right plan of action for your unique circumstances. We’re here to help you get your finances in check, so you can make a debt-free future a reality.
There is 1 office near you
Explore debt solutions with our Licensed Insolvency Trustees
Your local MNP LTD Licensed Insolvency Trustee in Townsend is here to help you navigate your options, which may include:
AT MNP LTD, we realize that no two financial situations are exactly 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. You can count on us for the discreet guidance, advice and support you need to be done with debt for good.
As a structured, formal process, the purpose of bankruptcy is to provide you with a fresh financial start. One of our Licensed Insolvency Trustees at your local MNP LTD office will lead you through each step of the process, from preparing and filing all necessary documents, alerting your creditors, stopping wage garnishments and helping prevent further legal action against you.
A consumer proposal is a formal, legally binding process that is administered by a Licensed Insolvency Trustee; together, you will develop a formal offer to your creditors to settle your unsecured debt over time (no more 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.
If you are approved for a debt consolidation loan, all of your debts will be merged into one overall monthly payment, which is often at a lower interest rate than your 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. 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 and bankruptcy may sound like the same thing, but they have different meanings: insolvency is a financial state of not being able to make debt payments on time, whereas bankruptcy is a legal process. 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. 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 Townsend is here to help every step of the way. Start today with a free confidential consultation.