201-990 Cedar Street
Campbell River, BC
328 Wale Road - Unit 132
467 Cumberland Road
372 Coronation Avenue
Suite 400, MNP Place, 345 Wallace Street
Suite 13, 6421 Applecross Road
4277 Stamp Avenue
Port Alberni, BC
888 Fort Street , Suite 300
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DEBT ASSISTANCE AT MNP LTD IN PARKSVILLE, 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 what sets MNP LTD apart. We offer a range of Life-Changing Debt Solutions that focus on helping you get rid of debt for good. One of our Licensed Insolvency Trustees in Parksville will work side-by-side with you to create a customized plan that works best for your individual situation. We’re here to provide the guidance you need to take control of your finances and prepare for a debt-free future.
There are 8 offices near you
Understanding your options with our Licensed Insolvency Trustees
One of our Licensed Insolvency Trustees in Parksville will carefully review all of the options that may work for you, including:
AT MNP LTD, we know every debt challenge is different. That’s why you’ll work closely with one of our Licensed Insolvency Trustees, who will walk you through your options and help you select the best course of action for your situation. 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.
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 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.
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 to personal bankruptcy, a consumer proposal lets you keep assets that you might otherwise lose in a bankruptcy.
A debt consolidation loan combines multiple debts into one monthly payment, which is often 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. As Licensed Insolvency Trustees, we are accredited insolvency counsellors who will help you better understand your options, so you can select the right path towards living a debt-free life.
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 being insolvent could lead to filing for bankruptcy, there may be other paths to take, such as making a consumer proposal or taking out a debt consolidation loan.
When looking for debt solutions, it’s vital to understand your options. Your local MNP LTD bankruptcy trustee in Parksville is here to answer all of your questions, from outlining the differences between declaring bankruptcy and making a consumer proposal to detailing the process of consolidating credit. Get started with a free confidential consultation.