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DEBT ASSISTANCE AT MNP LTD IN CRESTON, BRITISH COLUMBIA
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. This is exactly what sets MNP LTD apart. We provide Life-Changing Debt Solutions that can help you erase debt from your life once and for all. You’ll work side-by-side with one of our Licensed Insolvency Trustees in Creston to develop a tailored plan of action that best meets your unique needs. We’re here to help you get your finances in check, so you can make a debt-free future a reality.
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Navigate your options with our Licensed Insolvency Trustees
One of our Licensed Insolvency Trustees in Creston will carefully review all of the options that may work for you, including:
At MNP LTD, we know every situation is different. Rest assured, one our Licensed Insolvency Trustees will guide you through your options, so you can make the best decision for your circumstances. We’re here to provide the confidential guidance, support and unbiased advice you need to stop the cycle of debt once and for all.
Filing for bankruptcy is a structured, formal process that gives you the opportunity to start fresh with your finances. 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.
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). 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.
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. With debt consolidation, you don’t have to worry about keeping track of multiple debt payments, which can make it easier to budget. As Licensed Insolvency Trustees, we are accredited insolvency counsellors who will guide you through your options, so you can choose the best path to a debt-free future.
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 declaring bankruptcy can resolve insolvency, it’s important to consider all available options first, including, but not limited to, a consumer proposal or a debt consolidation loan.
When looking for debt solutions, it’s vital to understand your options. From learning the key differences between bankruptcy and a consumer proposal to understanding what’s involved in the process of consolidating credit, you can count on your local MNP LTD bankruptcy trustee in Creston to guide you every step of the way. Get started today with a free confidential consultation.