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DEBT ASSISTANCE AT MNP LTD IN OTTAWA, ONTARIO

If you’re feeling overwhelmed by debt — and temporary fixes are only adding to your financial burden — it’s time to look into a more permanent solution. This is what makes MNP LTD different. Our Life-Changing Debt Solutions are intended to help you stop the cycle of debt once and for all. One of our Licensed Insolvency Trustees in Ottawa will work one-on-one with you to develop a personalized plan that works best for your unique circumstances. We’re ready to help you overcome your financial challenges, so you can start living a debt-free life.

There are 5 offices near you

Understand your options with a Licensed Insolvency Trustee

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

DEBT RELIEF

AT MNP LTD, we realize that no two financial situations are exactly the same. For this reason, one of our Licensed Insolvency Trustees will carefully explain all of your options and help you determine the right path to take. 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

The structured, formal process of personal bankruptcy enables you to start from scratch with your finances. One of our local Licensed Insolvency Trustees will guide you through every step of the process, including the preparation and filing of all mandatory paperwork, notifying creditors, stopping wage garnishments and helping avert any further legal action against you.

CONSUMER PROPOSAL

Managed by a Licensed Insolvency Trustee, the consumer proposal process consists of negotiating a formal agreement between you and your creditors that enables you make set monthly payments over a fixed period of time (not to exceed five years). One of the key differences between a consumer proposal and bankruptcy is that a consumer proposal allows you to hold onto all assets, which could otherwise be seized 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. Debt consolidation helps take the frustration out of juggling multiple debt payments, as only having one monthly debt payment to keep track of can make it easier to stay on top of your finances. As an accredited insolvency counsellor, your local MNP LTD Licensed Insolvency Trustee will explain all of your available options, so you can decide on the right path to take and start planning for a debt-free future.

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 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.

When looking for debt solutions, it’s vital to understand 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 Ottawa MNP LTD bankruptcy trustee is here to provide the guidance and support you need. A debt-free future awaits: request a free confidential consultation today.