Milverton
Kitchener, ON
N2H 6R2
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DEBT ASSISTANCE AT MNP LTD IN MILVERTON, ONTARIO
If you’ve been battling debt for a long time — and temporary solutions are only increasing your financial burden — you may need to take a more permanent approach. That’s where MNP LTD stands out. Our Life-Changing Debt Solutions are designed to help you eliminate personal debt for good. One of our Licensed Insolvency Trustees in Milverton will work side-by-side with you to create a customized plan that works best for your individual 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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Explore your options with a Licensed Insolvency Trustee
You can count on your local MNP LTD Licensed Insolvency Trustee in Milverton to detail the solutions that may be right for you, including:
DEBT RELIEF
AT MNP LTD, we know every debt challenge is different. 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. 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
Declaring bankruptcy is a structured, formal process designed 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
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). Whereas in a bankruptcy you may lose some assets, a consumer proposal allows you to keep all assets.
DEBT CONSOLIDATION
If you are approved for a debt consolidation loan, all of your debts will be merged into one overall 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. 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
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 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.
When it comes to finding the right debt solution, understanding your options is fundamental. Whether you’re trying to understand the difference between bankruptcy and a consumer proposal or you want to learn more about the process of consolidating credit, your local MNP LTD bankruptcy trustee in Milverton is here to help every step of the way. Get a free confidential consultation today.