DEBT ASSISTANCE AT MNP LTD IN DUNCAN, BRITISH COLUMBIA
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. This is where MNP LTD steps in. Our Life-Changing Debt Solutions are intended to help you stop the cycle of debt once and for all. Your local MNP LTD Licensed Insolvency Trustee in Duncan will work closely with you to design a unique plan that best suits your situation. We’re here to help you regain control of your finances, so you can enjoy a debt-free future.
There are 8 offices near you
Find the right option with the help of a Licensed Insolvency Trustee
When you visit your local MNP LTD Licensed Insolvency Trustee in Duncan, we’ll discuss the options that may be right for you, such as:
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 unbiased, non-judgemental guidance, support and advice every step of the way, so you can put an end to your debt for good.
As a structured, formal process, the purpose of bankruptcy is to provide you with a fresh financial start. 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.
Administered by a Licensed Insolvency Trustee, a consumer proposal is a formal agreement between you and your creditors that allows you to make fixed monthly payments over a set period of time (up to a maximum of 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.
A debt consolidation loan combines all of your debts into a single monthly payment, typically at a lower interest rate than your credit card debt. Since you only have a single monthly debt payment to make, debt consolidation can make it easier for you to stay on top of your finances. 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.
Sometimes incorrectly used as a synonym for bankruptcy, which is a legal process, insolvency is a financial state in which a person can’t pay back lenders on time. While insolvency can lead to filing for bankruptcy, there may be other debt relief solutions to consider, including debt consolidation loans or a consumer proposal.
When it comes to choosing the right debt solution for your needs, it’s important to get informed. Whether you’re trying to understand the difference between bankruptcy and a consumer proposal or you want to learn more about the process of consolidating credit, your local MNP LTD bankruptcy trustee in Duncan is here to help every step of the way. Get started today with a free confidential consultation.