DEBT ASSISTANCE AT MNP LTD IN MISSION, BRITISH COLUMBIA
If you’ve been battling debt for a long time — and temporary solutions are only increasing your financial burden — you may need to take a more permanent approach. This is what makes MNP LTD different. We provide Life-Changing Debt Solutions that can help you erase debt from your life once and for all. Your local MNP LTD Licensed Insolvency Trustee in Mission will work privately with you to put together a tailored plan of action that’s right for your unique circumstances. 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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Get to know your options with our Licensed Insolvency Trustees
One of our Licensed Insolvency Trustees in Mission is ready to review all of your available options, such as:
At MNP LTD, we appreciate that each debt challenge is unique. That’s why you can expect to work closely with one of our Licensed Insolvency Trustees, who will help you fully understand your options and decide on the best course of action. 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.
Declaring bankruptcy is a structured, formal process designed to provide you with a fresh financial start. Your local MNP LTD Licensed Insolvency Trustee will guide you every step of the way, including helping you prepare and file all required documents, notifying your creditors, stopping wage garnishments and helping prevent 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). Whereas in a bankruptcy you may lose some assets, a consumer proposal allows you to keep all assets.
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 only one monthly debt payment to stay on top of, debt consolidation can make it easier to budget and pay bills on time. Our Licensed Insolvency Trustees are accredited insolvency counsellors who will explore all of your options with you, so you can make the best decision for your circumstances and plan for a debt-free future.
Sometimes mistaken as interchangeable terms, insolvency and bankruptcy mean two different things: bankruptcy is defined as a legal process, whereas insolvency is a financial state where a person is unable to pay back creditors on time. While filing for bankruptcy can resolve insolvency, it may not be your only option — depending on your situation, you might also be able to make a consumer proposal or take out a debt consolidation loan.
When it comes to deciding between debt solutions, getting informed is the first step. Your local MNP LTD bankruptcy trustee in Mission is here to provide all the guidance and support you need, from explaining the key differences between a consumer proposal and bankruptcy to outlining the process of consolidating credit. Start your journey to a debt-free future with a free confidential consultation.