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DEBT ASSISTANCE AT MNP LTD IN WATERLOO, ONTARIO

If you’ve been struggling with debt for a while — and quick fixes are only adding to your debts — you may want to consider a more permanent solution. This is exactly what sets MNP LTD apart. We offer Life-Changing Debt Solutions that can help you say goodbye to debt for good. Your local Licensed Insolvency Trustee in Waterloo will work individually with you to put together a custom plan that’s right for your circumstances. We’re ready to help you overcome your financial challenges, so you can start living a debt-free life.

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Find the right option with the help of a Licensed Insolvency Trustee

One of our Licensed Insolvency Trustees in Waterloo will help you get to know which solutions are available to you, including:

DEBT RELIEF

At MNP LTD, we appreciate that each debt challenge is unique. This is why you can expect to work privately with one of our Licensed Insolvency Trustees, who will help you better understand all of your options and decide on the best path to take. We’re here to provide the confidential guidance, support and unbiased advice you need to stop the cycle of debt once and for all.

BANKRUPTCY

The formal, structured process of declaring bankruptcy offers you the opportunity to rebuild your finances from scratch. Your local MNP LTD Licensed Insolvency Trustee will guide you every step of the way, including helping you prepare and file all required documents, notifying your creditors, stopping wage garnishments and helping prevent further legal action against you.

CONSUMER PROPOSAL

In a consumer proposal, you’ll work with a Licensed Insolvency Trustee to negotiate a formal agreement between you and your creditors to make fixed monthly payments over time, up to a five-year maximum. One of the advantages of a consumer proposal is that it allows you to keep assets that might otherwise be seized in a bankruptcy.

DEBT CONSOLIDATION

A debt consolidation loan merges all of your debts into one overall loan that you will pay off on a monthly basis, usually at a lower interest rate 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. Our Licensed Insolvency Trustees are accredited insolvency counsellors who will explore all of your options with you, so you can make the best decision for your circumstances and plan for a debt-free future.

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. 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.

Deciding on the right debt solution starts with getting informed. 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 Waterloo is here to help every step of the way. Get started with a free confidential consultation.