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DEBT ASSISTANCE AT MNP LTD IN ALTONA, MANITOBA

If you’re feeling weighed down by debt — and quick solutions are only pulling you deeper into debt — it may be time to take a long-term approach. This is exactly what sets MNP LTD apart. 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 Altona will work privately with you to put together a tailored plan of action that’s right for your unique circumstances. We empower you to get back on solid financial ground, so you can finally enjoy a debt-free life.

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Find the right option with the help of a Licensed Insolvency Trustee

One of our Licensed Insolvency Trustees in Altona will carefully review all of the options that may work for you, including:

DEBT RELIEF

At MNP LTD, we are mindful that every situation is unique. 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 you with non-judgemental, unbiased advice and support from start to finish, so you can put your debt behind you for good.

BANKRUPTCY

The structured, formal process of personal bankruptcy enables you to start from scratch with your finances. Your local Licensed Insolvency Trustee will assist you throughout the process, including completing and filing all necessary paperwork, alerting your 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. Whereas in a bankruptcy you may lose some assets, a consumer proposal allows you to keep all assets.

DEBT CONSOLIDATION

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 debt payment to make each month, debt consolidation helps take the guesswork out of paying 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.

INSOLVENCY

Sometimes incorrectly used as a synonym for bankruptcy, which is a legal process, insolvency is a financial state in which a person can’t pay back lenders 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 it comes to choosing the right debt solution for your needs, it’s important to get informed. Your local MNP LTD bankruptcy trustee in Altona 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 today with a free confidential consultation.