Vernon
Kelowna, BC
V1Y 0L5
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DEBT ASSISTANCE AT MNP LTD IN VERNON, 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 exactly what sets MNP LTD apart. Our Life-Changing Debt Solutions are designed to help you eliminate personal debt for good. One of our Licensed Insolvency Trustees in Vernon will work privately with you to put together the right plan of action for your unique circumstances. We empower you to resolve your financial challenges, so you can finally become debt free.
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Compare debt solutions with a Licensed Insolvency Trustee
You can talk to your local MNP LTD Licensed Insolvency Trustee in Vernon about the different debt solutions that may be available to you, including:
DEBT RELIEF
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 unbiased, non-judgemental guidance, support and advice every step of the way, so you can put an end to your debt for good.
BANKRUPTCY
Filing for bankruptcy is a formal, structured process that offers you a fresh financial start. One of our Licensed Insolvency Trustees will walk you through every step of the process, including preparing and filing all mandatory documents, informing your creditors, putting a stop to wage garnishments and helping avert any further legal action against you.
CONSUMER PROPOSAL
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). As an alternative to personal bankruptcy, a consumer proposal lets you keep assets that you might otherwise lose in a bankruptcy.
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. With only one debt payment to make each month, debt consolidation helps take the guesswork out of paying bills on time. Your local MNP Licensed Insolvency Trustees are accredited insolvency counsellors who will help you decide on the right path for your situation, so you can plan 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 is a condition can lead to declaring bankruptcy, you may have other options to consider, such as a consumer proposal or other debt consolidation options.
Getting to know your options is an important first step in finding the right debt solution. From learning the key differences between bankruptcy and a consumer proposal to understanding what’s involved in the process of consolidating credit, you can count on your local MNP LTD bankruptcy trustee in Vernon to guide you every step of the way. A debt-free future awaits: request a free confidential consultation today.