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DEBT ASSISTANCE AT MNP LTD IN MOUNT PEARL, NEWFOUNDLAND AND LABRADOR

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. We offer Life-Changing Debt Solutions that can help you say goodbye to debt for good. You’ll work privately with one of our Licensed Insolvency Trustees in Mount Pearl, where together we’ll develop a custom plan that works with your unique needs and circumstances. We’re here to provide the guidance you need to take control of your finances and prepare for a debt-free future.

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Compare your options with a Licensed Insolvency Trustee

Your local MNP LTD Licensed Insolvency Trustee in Mount Pearl is here to help you navigate your options, which may include:

DEBT RELIEF

At MNP LTD, we recognize that each situation is unique. 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 unbiased, non-judgemental guidance, support and advice every step of the way, so you can put an end to your debt for good.

BANKRUPTCY

Filing for bankruptcy is a structured, formal process that gives you the opportunity to start fresh with your finances. The process will be led by a Licensed Insolvency Trustee who will assist you at every step, from preparing and filing all mandatory documents to alerting creditors, halting wage garnishments and helping stop further legal action against you.

CONSUMER PROPOSAL

Filed under the guidance of a Licensed Insolvency Trustee, a consumer proposal allows you to develop and negotiate a formal agreement between you and your creditors in which you will pay back a portion of your debts over time, up to a five-year maximum term. As an alternative to personal bankruptcy, a consumer proposal lets you keep assets that you might otherwise lose 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 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

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 insolvency can lead to filing for bankruptcy, there may be other debt relief solutions to consider, including debt consolidation loans or a consumer proposal.

Getting to know your options is an important first step in finding the right debt solution. Whether you want to know the advantages and disadvantages of filing for bankruptcy versus making a consumer proposal, or you want to know what steps are involved in consolidating credit, your local MNP LTD bankruptcy trustee in Mount Pearl is here to walk you through every solution. Get started with a free confidential consultation.