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DEBT ASSISTANCE AT MNP LTD IN CARLISLE, ONTARIO

If you’ve been struggling with debt for a while — and quick fixes are only adding to your debts — you may want to consider a more permanent solution. Rest assured, MNP LTD is here to help. We offer a range of Life-Changing Debt Solutions that focus on helping you get rid of debt for good. One of our Licensed Insolvency Trustees in Carlisle will work one-on-one with you to develop a personalized plan that works best for your unique circumstances. We empower you to resolve your financial challenges, so you can finally become debt free.

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Compare your options with a Licensed Insolvency Trustee

Understanding your options starts with a confidential consultation with one of our Licensed Insolvency Trustees in Carlisle, where we’ll discuss solutions including:

DEBT RELIEF

At MNP LTD, we are mindful that every situation is unique. For this reason, one of our Licensed Insolvency Trustees will carefully explain all of your options and help you determine the right path to take. We offer confidential guidance and non-judgemental advice to help you break free from personal debt for good.

BANKRUPTCY

Personal bankruptcy is a formal, structured process designed to help you completely reset your finances. 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). 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 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. Rest assured, your local MNP LTD Licensed Insolvency Trustee will help you explore your options, so you can decide on the best course of action for a debt-free future.

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. If you are insolvent, you may be considering filing for bankruptcy; however, alternative solutions could also be available to you, like a consumer proposal or debt consolidation loan.

When it comes to choosing the right debt solution for your needs, it’s important to get informed. 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 Carlisle is ready to assist you one-on-one. Get started with a free confidential consultation.