Coaldale
Lethbridge, AB
T1J 4V1
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DEBT ASSISTANCE AT MNP LTD IN COALDALE, ALBERTA
If you’ve been stuck in the cycle of debt for a while — and fast fixes are only adding to your debts — it may be time to think about a more permanent approach. MNP LTD is here to help. We provide Life-Changing Debt Solutions that can help you erase debt from your life once and for all. One of our Licensed Insolvency Trustees in Coaldale will work side-by-side with you to create a customized plan that works best for your individual situation. We’re here to provide the guidance you need to take control of your finances and prepare for a debt-free future.
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Explore your options with a Licensed Insolvency Trustee
You can talk to your local MNP LTD Licensed Insolvency Trustee in Coaldale about the different debt solutions that may be available to you, including:
DEBT RELIEF
At MNP LTD, we know every situation 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. We’re here to provide you with non-judgemental, unbiased advice and support from start to finish, so you can put your debt behind you for good.
BANKRUPTCY
The structured, formal process of declaring bankruptcy is intended to give individuals a fresh financial start. Throughout the process, you’ll be assisted by one of our Licensed Insolvency Trustees, who will help you prepare and file all necessary documents, inform your creditors, stop wage garnishments and help prevent any further legal action against you.
CONSUMER PROPOSAL
Filed through a Licensed Insolvency Trustee, a consumer proposal is a formal, legally binding agreement between you and your creditors that enables you to pay back a portion of your debts over a set length of time (no longer than five years). While you may need to hand over assets in a bankruptcy, a consumer proposal allows you to keep all assets.
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. With debt consolidation, you don’t have to worry about keeping track of multiple debt payments, which can make it easier to budget. Your local MNP Licensed Insolvency Trustees are accredited insolvency counsellors who will help you decide on the right path for your situation, so you can plan for 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 an insolvent individual may decide to declare bankruptcy, there may be other alternatives to choose from, such as a consumer proposal or debt consolidation options.
When it comes to finding the right debt solution, understanding your options is fundamental. From learning the difference between filing for bankruptcy and making a consumer proposal to understanding the process of consolidating credit, your nearby MNP LTD bankruptcy trustee in Coaldale is ready to assist you one-on-one. Take the first step: request a free confidential consultation today.