Dorchester
London, ON
N6E 1A2
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DEBT ASSISTANCE AT MNP LTD IN DORCHESTER, ONTARIO
If you’re feeling weighed down by debt — and quick solutions are only pulling you deeper into debt — it may be time to take a long-term approach. This is where MNP LTD steps in. Our Life-Changing Debt Solutions are designed to help you eliminate personal debt for good. One of our Licensed Insolvency Trustees in Dorchester will guide you in creating a personalized action plan that’s right for your situation. We’re ready to help you get back on solid financial ground, so you can successfully prepare for a debt-free future.
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Compare debt solutions with a Licensed Insolvency Trustee
Understanding your options starts with a confidential consultation with one of our Licensed Insolvency Trustees in Dorchester, where we’ll discuss solutions 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 explain all of your options in detail, so you can choose the best course of action. You can depend on us to provide discreet guidance, support and unbiased advice throughout the process, so you can put your debt in the past once and for all.
BANKRUPTCY
Filing for bankruptcy is a formal, structured process that offers you a fresh financial start. 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
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). As an alternative to personal bankruptcy, a consumer proposal lets you keep assets that you might otherwise lose in a bankruptcy.
DEBT CONSOLIDATION
If you qualify for a debt consolidation loan, all of your debts will be combined into one monthly payment, generally at an interest rate that’s lower than your current 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. Our Licensed Insolvency Trustees are accredited insolvency counsellors and will discuss the options available to you, so you so can make an informed decision — and take the first step toward a debt-free future.
INSOLVENCY
While you might see the terms “insolvency” and “bankruptcy” being used interchangeably, they have different meanings: bankruptcy is a legal declaration and process, and insolvency is a financial state in which a person cannot pay creditors on time. While insolvency is a condition can lead to declaring bankruptcy, you may have other options to consider, such as a consumer proposal or other debt consolidation options.
Debt solutions aren’t one-size-fits-all, which is why it’s essential to get educated about your options. Whether you want to know the key differences between bankruptcy and a consumer proposal or you’re wondering what the process of consolidating credit involves, your local Dorchester MNP LTD bankruptcy trustee is here to provide the guidance and support you need. Start on the path to a debt-free future: get a free confidential consultation today.