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DEBT ASSISTANCE AT MNP LTD IN CHOMEDEY, QUÉBEC

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 exactly what sets MNP LTD apart. We offer a range of Life-Changing Debt Solutions that focus on helping you get rid of debt for good. One of our Licensed Insolvency Trustees in Chomedey will work side-by-side with you to create a customized plan that works best for your individual situation. We’re ready to help you take control of your finances, so you can live a debt-free life.

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Find the right option with the help of a Licensed Insolvency Trustee

Understanding your options starts with a confidential consultation with one of our Licensed Insolvency Trustees in Chomedey, where we’ll discuss solutions including:

DEBT RELIEF

At MNP LTD, we are mindful that every situation is unique. 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. We’re here to provide unbiased, non-judgemental guidance, support and advice every step of the way, so you can put an end to your debt for good.

BANKRUPTCY

Personal bankruptcy is a formal, structured process designed to help you completely reset your finances. 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.

CONSUMER PROPOSAL

Managed by a Licensed Insolvency Trustee, the consumer proposal process consists of negotiating a formal agreement between you and your creditors that enables you make set monthly payments over a fixed period of time (not to exceed 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

Once you are approved for a debt consolidation loan, all of your debts will combine into one monthly payment, generally at a reduced interest rate — one that’s lower than your credit card debt. With debt consolidation, you no longer have to juggle multiple debt payments, which can make it easier to budget and stay on track. As Licensed Insolvency Trustees, we are accredited insolvency counsellors who will help you better understand your options, so you can select the right path towards living a debt-free life.

INSOLVENCY

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 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.

Getting to know your options is an important first step in finding the right debt solution. Whether you’re trying to wrap your head around the differences between bankruptcy and a consumer proposal or you’re interested in learning more about the steps involved in consolidating credit, you can turn to your local MNP LTD bankruptcy trustee in Chomedey for the complete guidance and support you need. Start your journey to a debt-free future with a free confidential consultation.

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