Prince George
Prince George, BC
V2L 5B8
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DEBT ASSISTANCE AT MNP LTD IN PRINCE GEORGE, 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. MNP LTD is here to help. Our Life-Changing Debt Solutions are designed to help you say goodbye to debt once and for all. One of our Licensed Insolvency Trustees in Prince George will work one-on-one with you to develop a personalized plan that works best for your unique circumstances. We empower you to resolve your financial challenges, so you can finally become debt free.
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Understand your options with a Licensed Insolvency Trustee
Understanding your options starts with a confidential consultation with one of our Licensed Insolvency Trustees in Prince George, where we’ll discuss solutions including:
DEBT RELIEF
AT MNP LTD, we realize that no two financial situations are exactly the same. This is why you can expect to work privately with one of our Licensed Insolvency Trustees, who will help you better understand all of your options and decide on the best path to take. We’re here to provide the confidential guidance, support and unbiased advice you need to stop the cycle of debt once and for all.
BANKRUPTCY
The structured, formal process of personal bankruptcy enables you to start from scratch with your finances. The process will be led by a Licensed Insolvency Trustee who will assist you at every step, from preparing and filing all mandatory documents to alerting creditors, halting wage garnishments and helping stop further legal action against you.
CONSUMER PROPOSAL
Developed with help of a Licensed Insolvency Trustee, a consumer proposal is a legally binding agreement between you and your creditors that outlines a plan for paying back your unsecured debt within a maximum term of five years. As an alternative to declaring bankruptcy, a consumer proposal allows you to retain all assets.
DEBT CONSOLIDATION
If you are approved for a debt consolidation loan, all of your debts will be merged into one overall monthly payment, which is often at a lower interest rate than your credit card debt. Debt consolidation helps take the frustration out of juggling multiple debt payments, as only having one monthly debt payment to keep track of can make it easier 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.
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 declaring bankruptcy can relieve insolvency, it may not be the only option available to you — other solutions could include a consumer proposal or a debt consolidation loan.
When looking for debt solutions, it’s vital to understand your options. 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 Prince George is here to help every step of the way. Get started today with a free confidential consultation.