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DEBT ASSISTANCE AT MNP LTD IN LENNOXVILLE, QUÉBEC

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 purposely designed to help you put debt in the past, once and for all. Your local MNP LTD Licensed Insolvency Trustee in Lennoxville will work privately with you to put together a tailored plan of action that’s right for your unique circumstances. We empower you to get back on solid financial ground, so you can finally enjoy a debt-free life.

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Explore debt solutions with our Licensed Insolvency Trustees

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

DEBT RELIEF

AT MNP LTD, we know that debt relief is not one-size-fits-all. This is why one of our Licensed Insolvency Trustees will explain all of your options in detail, so you can choose the best course of action. We’re here to support you every step of the way, including providing the confidential guidance and unbiased advice you need to break free from the cycle of debt for good.

BANKRUPTCY

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.

CONSUMER PROPOSAL

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.

DEBT CONSOLIDATION

A debt consolidation loan merges all of your debts into one overall loan that you will pay off on a monthly basis, usually at a lower interest rate than your credit card debt. Because you only have one monthly debt payment to keep track of, debt consolidation helps take the guesswork out of paying bills and can make budgeting easier. As accredited insolvency counsellors, our Licensed Insolvency Trustees will discuss all of your options with you, so you can decide on the best path to take to become debt-free.

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 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.

Getting to know your options is an important first step in finding the right debt solution. Your local MNP LTD bankruptcy trustee in Lennoxville is here to answer all of your questions, from outlining the differences between declaring bankruptcy and making a consumer proposal to detailing the process of consolidating credit. Get a free confidential consultation today.