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DEBT ASSISTANCE AT MNP LTD IN DARTMOUTH, NOVA SCOTIA

If you’re overwhelmed by personal debt — and short-term solutions are only sinking you deeper into the cycle of debt — it’s time to consider a long-term approach. This is where MNP LTD steps in. We offer Life-Changing Debt Solutions that can help you say goodbye to debt for good. You’ll work side-by-side with one of our Licensed Insolvency Trustees in Dartmouth to develop a tailored plan of action that best meets your unique needs. We’re ready to help you take control of your finances, so you can live a debt-free life.

There are 3 offices near you

Understand your options with a Licensed Insolvency Trustee

One of our Licensed Insolvency Trustees in Dartmouth will carefully review all of the options that may work for you, including:

DEBT RELIEF

At MNP LTD, we appreciate that no two financial circumstances are the same. This is why your local Licensed Insolvency Trustee will take the time to help you understand your solutions and select the most appropriate path to take. We’re here to support you every step of the way, including providing the confidential guidance and unbiased advice you need to break free from the cycle of debt for good.

BANKRUPTCY

The structured, formal process of personal bankruptcy enables you to start from scratch with your finances. One of our local Licensed Insolvency Trustees will guide you through every step of the process, including the preparation and filing of all mandatory paperwork, notifying creditors, stopping wage garnishments and helping avert any 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 key differences between a consumer proposal and bankruptcy is that a consumer proposal allows you to hold onto all assets, which could otherwise be seized in a bankruptcy.

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. 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. 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 insolvency is a condition can lead to declaring bankruptcy, you may have other options to consider, such as a consumer proposal or other debt consolidation options.

Getting to know your options is an important first step in finding the right debt solution. 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 Dartmouth to guide you every step of the way. Take the first step: request a free confidential consultation today.