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DEBT ASSISTANCE AT MNP LTD IN CLAREMONT, ONTARIO

If you’ve been stuck in the cycle of debt for a while — and fast fixes are only adding to your debts — it may be time to think about a more permanent approach. MNP LTD is here to help. We provide Life-Changing Debt Solutions that can help you erase debt from your life once and for all. You’ll work side-by-side with one of our Licensed Insolvency Trustees in Claremont to develop a tailored plan of action that best meets your unique needs. We empower you to take control of your finances, so you can plan for a debt-free future.

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Explore debt solutions with our Licensed Insolvency Trustees

Your local MNP LTD Licensed Insolvency Trustee in Claremont is always here to discuss all the solutions that may be available to you, including:

DEBT RELIEF

At MNP LTD, we appreciate that no two financial circumstances are the same. 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

As a structured, formal process, the purpose of bankruptcy is to provide you with a fresh financial start. One of our Licensed Insolvency Trustees at your local MNP LTD office will lead you through each step of the process, from preparing and filing all necessary documents, alerting your creditors, stopping wage garnishments and helping prevent further legal action against you.

CONSUMER PROPOSAL

A consumer proposal is a formal, legally binding process that is administered by a Licensed Insolvency Trustee; together, you will develop a formal offer to your creditors to settle your unsecured debt over time (no more 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 takes all of your debts and combines them into a single loan that you will pay off each month, normally at an interest rate that’s better than your current credit card debt. With debt consolidation, you no longer have to juggle multiple debt payments, which can make it easier to budget and stay on track. As Licensed Insolvency Trustees, we are accredited insolvency counsellors who will help you better understand your options, so you can select the right path towards living a debt-free life.

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 being insolvent could lead to filing for bankruptcy, there may be other paths to take, such as making a consumer proposal or taking out a debt consolidation loan.

Deciding on the right debt solution starts with getting informed. Your local MNP LTD bankruptcy trustee in Claremont is here to provide all the guidance and support you need, from explaining the key differences between a consumer proposal and bankruptcy to outlining the process of consolidating credit. Get started today with a free confidential consultation.