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DEBT ASSISTANCE AT MNP LTD IN NORTH KILDONAN, MANITOBA

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. Rest assured, MNP LTD is here to help. Our Life-Changing Debt Solutions are specifically designed to help you eliminate your debt for good. Your local Licensed Insolvency Trustee in North Kildonan will work individually with you to put together a custom plan that’s right for your circumstances. We’re ready to help you take control of your finances, so you can live a debt-free life.

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

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

DEBT RELIEF

At MNP LTD, we appreciate that no two financial circumstances are 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. Get the unbiased advice and confidential guidance you need to stop worrying about debt and start living again.

BANKRUPTCY

Personal bankruptcy is a formal, structured process designed to help you completely reset your finances. One of our Licensed Insolvency Trustees at your local MNP LTD office will lead you through each step of the process, from preparing and filing all necessary documents, alerting your creditors, stopping wage garnishments and helping prevent further legal action against you.

CONSUMER PROPOSAL

Managed by a Licensed Insolvency Trustee, the consumer proposal process consists of negotiating a formal agreement between you and your creditors that enables you make set monthly payments over a fixed period of time (not to exceed five years). One of the advantages of a consumer proposal is that it allows you to keep assets that might otherwise be seized in a bankruptcy.

DEBT CONSOLIDATION

A debt consolidation loan combines multiple debts into one monthly payment, which is often at a lower interest rate than your credit card debt. Because you only have one monthly debt payment to keep track of, debt consolidation helps take the guesswork out of paying bills and can make budgeting easier. 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

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 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 deciding between debt solutions, getting informed is the first step. Whether you’re trying to wrap your head around the differences between bankruptcy and a consumer proposal or you’re interested in learning more about the steps involved in consolidating credit, you can turn to your local MNP LTD bankruptcy trustee in North Kildonan for the complete guidance and support you need. Get started with a free confidential consultation.