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DEBT ASSISTANCE AT MNP LTD IN SHERBROOKE, 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. MNP LTD is here to help. Our Life-Changing Debt Solutions are specifically designed to help you eliminate your debt for good. One of our Licensed Insolvency Trustees in Sherbrooke will guide you in creating a personalized action plan that’s right for your situation. 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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Find the right option with the help of a Licensed Insolvency Trustee

You can talk to your local MNP LTD Licensed Insolvency Trustee in Sherbrooke about the different debt solutions that may be available to you, including:

DEBT RELIEF

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

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

A debt consolidation loan merges multiple debts into a single monthly payment, normally at an interest rate that’s lower than your current credit card debt. Not having to make several debt payments every month can help make it easier to budget for repayment. As an accredited insolvency counsellor, your local MNP LTD Licensed Insolvency Trustee will explain all of your available options, so you can decide on the right path to take and start planning for a debt-free future.

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.

When it comes to choosing the right debt solution for your needs, it’s important to get informed. Whether you want to know the advantages and disadvantages of filing for bankruptcy versus making a consumer proposal, or you want to know what steps are involved in consolidating credit, your local MNP LTD bankruptcy trustee in Sherbrooke is here to walk you through every solution. Get started with a free confidential consultation.