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DEBT ASSISTANCE AT MNP LTD IN THOMPSON, MANITOBA

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 what sets MNP LTD apart. Our Life-Changing Debt Solutions are designed to help you say goodbye to debt once and for all. Your local Licensed Insolvency Trustee in Thompson will work individually with you to put together a custom plan that’s right for your circumstances. We’re ready to help you overcome your financial challenges, so you can start living a debt-free life.

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Get to know your options with our Licensed Insolvency Trustees

You can talk to your local MNP LTD Licensed Insolvency Trustee in Thompson about the different debt solutions that may be available to you, including:

DEBT RELIEF

AT MNP LTD, we know that debt relief is not one-size-fits-all. This is why one of our Licensed Insolvency Trustees will explain all of your options in detail, so you can choose the best course of action. We’re here to provide the confidential guidance, support and unbiased advice you need to stop the cycle of debt once and for all.

BANKRUPTCY

Personal bankruptcy is a structured, formal process that offers individuals 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

In a consumer proposal, you’ll work with a Licensed Insolvency Trustee to negotiate a formal agreement between you and your creditors to make fixed monthly payments over time, up to a five-year maximum. Whereas in a bankruptcy you may lose some assets, a consumer proposal allows you to keep all assets.

DEBT CONSOLIDATION

Once you are approved for a debt consolidation loan, all of your debts will combine into one monthly payment, generally at a reduced interest rate — one that’s lower than your credit card debt. Since you only have a single monthly debt payment to make, debt consolidation can make it easier for you to stay on top of your finances. As Licensed Insolvency Trustees, we are accredited insolvency counsellors who will guide you through your options, so you can choose the best path to 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 resolve insolvency, it’s important to consider all available options first, including, but not limited to, a consumer proposal or a debt consolidation loan.

When it comes to finding the right debt solution, understanding your options is fundamental. 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 Thompson to guide you every step of the way. Start on the path to a debt-free future: get a free confidential consultation today.