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DEBT ASSISTANCE AT MNP LTD IN VANDERHOOF, BRITISH COLUMBIA

If you’re struggling to break free from the cycle of debt — and short-term fixes are only sinking you further into debt — it’s time to consider a more permanent approach. This is where MNP LTD steps in. Our Life-Changing Debt Solutions are purposely designed to help you put debt in the past, once and for all. Your local MNP LTD Licensed Insolvency Trustee in Vanderhoof 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.

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Understand your options with a Licensed Insolvency Trustee

When you visit your local MNP LTD Licensed Insolvency Trustee in Vanderhoof, we’ll discuss the options that may be right for you, such as:

DEBT RELIEF

At MNP LTD, we recognize that each situation is unique. 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. You can count on us for the discreet guidance, advice and support you need to be done with debt for good.

BANKRUPTCY

The formal, structured process of declaring bankruptcy offers you the opportunity to rebuild your finances from scratch. One of our local Licensed Insolvency Trustees will guide you through every step of the process, including the preparation and filing of all mandatory paperwork, notifying creditors, stopping wage garnishments and helping avert any further legal action against you.

CONSUMER PROPOSAL

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 declaring bankruptcy, a consumer proposal allows you to retain all assets.

DEBT CONSOLIDATION

If you qualify for a debt consolidation loan, all of your debts will be combined into one monthly payment, generally at an interest rate that’s lower than your current credit card debt. With debt consolidation, you no longer have to juggle multiple debt payments, which can make it easier to budget and stay on track. As accredited insolvency counsellors, our Licensed Insolvency Trustees will discuss all of your options with you, so you can decide on the best path to take to become debt-free.

INSOLVENCY

Insolvency and bankruptcy may sound like the same thing, but they have different meanings: insolvency is a financial state of not being able to make debt payments on time, whereas bankruptcy is a legal process. While an insolvent individual may decide to declare bankruptcy, there may be other alternatives to choose from, such as a consumer proposal or debt consolidation options.

When it comes to finding the right debt solution, understanding your options is fundamental. Your local MNP LTD bankruptcy trustee in Vanderhoof 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 a free confidential consultation today.