Milk River
Lethbridge, AB
T1J 4V1
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DEBT ASSISTANCE AT MNP LTD IN MILK RIVER, ALBERTA
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. Our Life-Changing Debt Solutions are specifically designed to help you eliminate your debt for good. One of our Licensed Insolvency Trustees in Milk River will work side-by-side with you to create a customized plan that works best for your individual situation. We empower you to get back on solid financial ground, so you can finally enjoy a debt-free life.
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Understand your options with a Licensed Insolvency Trustee
One of our Licensed Insolvency Trustees in Milk River is ready to review all of your available options, such as:
DEBT RELIEF
AT MNP LTD, we realize that no two financial situations are exactly the same. For this reason, one of our Licensed Insolvency Trustees will carefully explain all of your options and help you determine the right path to take. With us, you can expect the discreet guidance and unbiased advice you need to erase debt from your life.
BANKRUPTCY
The formal, structured process of declaring bankruptcy offers you the opportunity to rebuild your finances from scratch. Your local MNP LTD Licensed Insolvency Trustee will administer the entire process from start to finish, including assisting you in the completion and filing of all required paperwork, informing your creditors, putting a stop to wage garnishments and working to prevent further legal action against you.
CONSUMER PROPOSAL
Overseen by a Licensed Insolvency Trustee, the consumer proposal process involves developing a formal offer to your creditors to settle your unsecured debt via fixed monthly payments over a specific period of time (no longer than five years). As an alternative solution to declaring bankruptcy, a consumer proposal allows you to hold onto all assets — assets that might otherwise need to be handed over 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. Debt consolidation helps take the frustration out of juggling multiple debt payments, as only having one monthly debt payment to keep track of can make it easier to stay on top of your finances. Rest assured, your local MNP LTD Licensed Insolvency Trustee will help you explore your options, so you can decide on the best course of action 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 the condition of insolvency may lead to filing for bankruptcy, there may be other solutions available, including a consumer proposal or a debt consolidation loan.
Deciding on the right debt solution starts with getting informed. 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 Milk River is ready to assist you one-on-one. Take the first step: request a free confidential consultation today.