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DEBT ASSISTANCE AT MNP LTD IN TRURO, NOVA SCOTIA

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 makes MNP LTD different. Our Life-Changing Debt Solutions are purposely designed to help you put debt in the past, once and for all. One of our Licensed Insolvency Trustees in Truro will work privately with you to put together the right plan of action for your unique 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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Explore your options with a Licensed Insolvency Trustee

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

DEBT RELIEF

At MNP LTD, we recognize that each situation is unique. This is why one of our Licensed Insolvency Trustees will walk you through your options and help you decide on the right path to take. You can count on us for the discreet guidance, advice and support you need to be done with debt for good.

BANKRUPTCY

The structured, formal process of declaring bankruptcy is intended to give individuals a fresh financial start. Throughout the process, you’ll be assisted by one of our Licensed Insolvency Trustees, who will help you prepare and file all necessary documents, inform your creditors, stop wage garnishments and help prevent any further legal action against you.

CONSUMER PROPOSAL

Filed through a Licensed Insolvency Trustee, a consumer proposal is a formal, legally binding agreement between you and your creditors that enables you to pay back a portion of your debts over a set length of time (no longer than five years). While you may need to hand over assets in a bankruptcy, a consumer proposal allows you to keep all assets.

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, having only one monthly debt payment to keep track of can make it easier for you to manage your finances. As accredited insolvency counsellors, our Licensed Insolvency Trustees will discuss all of your options with you, so you can decide on the best path to take to become debt-free.

INSOLVENCY

While insolvency is often confused with bankruptcy, the two are not the same: bankruptcy is a formal legal process, and insolvency is a financial state in which an individual is unable to pay back lenders on time. While an insolvent individual may decide to declare bankruptcy, there may be other alternatives to choose from, such as a consumer proposal or debt consolidation options.

When it comes to debt solutions, exploring your options is key. From learning the difference between filing for bankruptcy and making a consumer proposal to understanding the process of consolidating credit, your nearby MNP LTD bankruptcy trustee in Truro is ready to assist you one-on-one. Get started today with a free confidential consultation.