Find a service:
Find
We've helped
hundreds of thousands
of Canadians

get out of debt

DEBT ASSISTANCE AT MNP LTD IN LANGFORD, BRITISH COLUMBIA

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. Fortunately, your local MNP LTD office is here to help. Our Life-Changing Debt Solutions are designed to help you eliminate personal debt for good. You’ll work privately with one of our Licensed Insolvency Trustees in Langford, where together we’ll develop a custom plan that works with your unique needs and circumstances. We’re here to help you get your finances in check, so you can make a debt-free future a reality.

There are 8 offices near you

Explore debt solutions with our Licensed Insolvency Trustees

One of our Licensed Insolvency Trustees in Langford will carefully review all of the options that may work for you, including:

DEBT RELIEF

At MNP LTD, we appreciate that no two financial circumstances are the same. 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 support you every step of the way, including providing the confidential guidance and unbiased advice you need to break free from the cycle of debt for good.

BANKRUPTCY

The structured, formal process of personal bankruptcy enables you to start from scratch 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.

CONSUMER PROPOSAL

In a consumer proposal, you’ll work with a Licensed Insolvency Trustee to negotiate a formal agreement between you and your creditors to make fixed monthly payments over time, up to a five-year maximum. As an alternative to personal bankruptcy, a consumer proposal lets you keep assets that you might otherwise lose in a bankruptcy.

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. 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. 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 you might see the terms “insolvency” and “bankruptcy” being used interchangeably, they have different meanings: bankruptcy is a legal declaration and process, and insolvency is a financial state in which a person cannot pay creditors 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.

Debt solutions aren’t one-size-fits-all, which is why it’s essential to get educated about your options. Whether you’re trying to wrap your head around the differences between bankruptcy and a consumer proposal or you’re interested in learning more about the steps involved in consolidating credit, you can turn to your local MNP LTD bankruptcy trustee in Langford for the complete guidance and support you need. Get started with a free confidential consultation.