Ajax
Toronto, ON
M4P 2Y3
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DEBT ASSISTANCE AT MNP LTD IN AJAX, ONTARIO
If you’re feeling overwhelmed by debt — and temporary fixes are only adding to your financial burden — it’s time to look into a more permanent solution. 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. You’ll work privately with one of our Licensed Insolvency Trustees in Ajax, where together we’ll develop a custom plan that works with your unique needs and circumstances. We empower you to take control of your finances, so you can plan for a debt-free future.
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Compare your options with a Licensed Insolvency Trustee
When you visit your local MNP LTD Licensed Insolvency Trustee in Ajax, we’ll discuss the options that may be right for you, such as:
DEBT RELIEF
At MNP LTD, we appreciate that each debt challenge is unique. 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 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. 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
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 solution to declaring bankruptcy, a consumer proposal allows you to hold onto all assets — assets that might otherwise need to be handed over in a bankruptcy.
DEBT CONSOLIDATION
A debt consolidation loan combines multiple debts into one monthly payment, which is often at a lower interest rate than your credit card debt. With only one monthly debt payment to stay on top of, debt consolidation can make it easier to budget and pay bills on time. Our Licensed Insolvency Trustees are accredited insolvency counsellors who will explore all of your options with you, so you can make the best decision for your circumstances and plan for a debt-free future.
INSOLVENCY
Sometimes mistakenly used interchangeably with bankruptcy (a formal legal process), insolvency is a financial state of being unable to pay debts on time. 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.
When looking for debt solutions, it’s vital to understand your options. 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 Ajax to guide you every step of the way. Take the first step: request a free confidential consultation today.