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DEBT ASSISTANCE AT MNP LTD IN MERRICKVILLE, ONTARIO

If you’re overwhelmed by personal debt — and short-term solutions are only sinking you deeper into the cycle of debt — it’s time to consider a long-term approach. 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. You’ll work privately with one of our Licensed Insolvency Trustees in Merrickville, where together we’ll develop a custom plan that works with your unique needs and 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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Compare your options with a Licensed Insolvency Trustee

One of our Licensed Insolvency Trustees in Merrickville is ready to review all of your available options, such as:

DEBT RELIEF

AT MNP LTD, we know that debt relief is not one-size-fits-all. 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. You can count on us for the discreet guidance, advice and support you need to be done with 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

Once you are approved for a debt consolidation loan, all of your debts will combine into one monthly payment, generally at a reduced interest rate — one that’s lower than your credit card debt. Not having to make several debt payments every month can help make it easier to budget for repayment. 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

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.

Deciding on the right debt solution starts with getting informed. 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 Merrickville to guide you every step of the way. A debt-free future awaits: request a free confidential consultation today.