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DEBT ASSISTANCE AT MNP LTD IN CORNWALL, 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. This is where MNP LTD can help. We offer Life-Changing Debt Solutions that can help you say goodbye to debt for good. Your local Licensed Insolvency Trustee in Cornwall will work individually with you to put together a custom plan that’s right for your 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 Cornwall to detail the solutions that may be right for you, including:

DEBT RELIEF

At MNP LTD, we appreciate that no two financial circumstances are the same. That’s why you can expect to work closely with one of our Licensed Insolvency Trustees, who will help you fully understand your options and decide on the best course of action. We offer confidential guidance and non-judgemental advice to help you break free from personal debt for good.

BANKRUPTCY

The structured, formal process of declaring bankruptcy is intended to give individuals a fresh financial start. Your local Licensed Insolvency Trustee will assist you throughout the process, including completing and filing all necessary paperwork, alerting your creditors, halting wage garnishments and helping stop 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 to declaring bankruptcy, a consumer proposal allows you to retain all assets.

DEBT CONSOLIDATION

A debt consolidation loan combines multiple debts into a single overall loan that you will pay off every month, typically at a better interest rate than your credit card debt. With debt consolidation, you don’t have to worry about keeping track of multiple debt payments, which can make it easier to budget. 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

Not to be confused with bankruptcy, which is a legal process, insolvency is a financial state in which an individual cannot meet debt payments 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.

Getting to know your options is an important first step in finding the right debt solution. Your local MNP LTD bankruptcy trustee in Cornwall is here to answer all of your questions, from outlining the differences between declaring bankruptcy and making a consumer proposal to detailing the process of consolidating credit. Take the first step: request a free confidential consultation today.