Grand Bay
Saint John, NB
E2L 5G6
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DEBT ASSISTANCE AT MNP LTD IN GRAND BAY, NEW BRUNSWICK
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 what makes MNP LTD different. We provide Life-Changing Debt Solutions that can help you erase debt from your life once and for all. One of our Licensed Insolvency Trustees in Grand Bay will work privately with you to put together the right plan of action for your unique circumstances. We’re ready to help you overcome your financial challenges, so you can start living a debt-free life.
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Explore debt solutions with our Licensed Insolvency Trustees
One of our Licensed Insolvency Trustees in Grand Bay will carefully review all of the options that may work for you, including:
DEBT RELIEF
At MNP LTD, we recognize that every debt challenge is different. That’s why one of our Licensed Insolvency Trustees will work closely with you to help you understand your options and determine the best path to take. 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
As a structured, formal process, the purpose of bankruptcy is to provide you with a fresh financial start. 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
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). One of the differences between a consumer proposal and bankruptcy is that you get to keep all assets — assets that could potentially be taken away in a bankruptcy.
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 debt consolidation, you don’t have to worry about keeping track of multiple debt payments, which can make it easier to budget. As an accredited insolvency counsellor, your local MNP LTD Licensed Insolvency Trustee will explain all of your available options, so you can decide on the right path to take and start planning 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 being insolvent could lead to filing for bankruptcy, there may be other paths to take, such as making a consumer proposal or taking out a debt consolidation loan.
Deciding on the right debt solution starts with getting informed. 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 Grand Bay to guide you every step of the way. Start your journey to a debt-free future with a free confidential consultation.