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DEBT ASSISTANCE AT MNP LTD IN OAKBANK, 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. That’s where MNP LTD stands out. Our Life-Changing Debt Solutions are designed to help you eliminate personal debt for good. You’ll work side-by-side with one of our Licensed Insolvency Trustees in Oakbank to develop a tailored plan of action that best meets your unique needs. We empower you to get back on solid financial ground, so you can finally enjoy a debt-free life.

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Get to know your options with our Licensed Insolvency Trustees

You can count on your local MNP LTD Licensed Insolvency Trustee in Oakbank to detail the solutions that may be right for you, including:

DEBT RELIEF

At MNP LTD, we recognize that each situation 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. With us, you can expect the discreet guidance and unbiased advice you need to erase debt from your life.

BANKRUPTCY

The structured, formal process of personal bankruptcy enables you to start from scratch with 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

The consumer proposal process is administered by a Licensed Insolvency Trustee and involves developing a formal, legally binding offer to your creditors that sets out a plan for paying back a portion of your unsecured debts over a period of up to five years. As an alternative to filing for bankruptcy, a consumer proposal allows you to keep assets that might otherwise be taken away 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 debt consolidation, you no longer have to juggle multiple debt payments, which can make it easier to budget and stay on track. Our Licensed Insolvency Trustees are accredited insolvency counsellors and will discuss the options available to you, so you so can make an informed decision — and take the first step toward a debt-free future.

INSOLVENCY

Not to be confused with bankruptcy, which is a legal process, insolvency is a financial state in which an individual cannot meet debt payments on time. While filing for bankruptcy can resolve insolvency, it may not be your only option — depending on your situation, you might also be able to make a consumer proposal or take out a debt consolidation loan.

When it comes to deciding between debt solutions, getting informed is the first step. Whether you want to know the key differences between bankruptcy and a consumer proposal or you’re wondering what the process of consolidating credit involves, your local Oakbank MNP LTD bankruptcy trustee is here to provide the guidance and support you need. Get started with a free confidential consultation.