Find a service:
Find
We've helped
hundreds of thousands
of Canadians

get out of debt

DEBT ASSISTANCE AT MNP LTD IN WEST LORNE, ONTARIO

If you’re struggling to make ends meet — and temporary solutions are only pushing you further into debt — it’s time to take a more permanent approach. This is where MNP LTD can help. Our Life-Changing Debt Solutions are designed to help you say goodbye to debt once and for all. Your local MNP LTD Licensed Insolvency Trustee in West Lorne will work privately with you to put together a tailored plan of action that’s right for your unique circumstances. We’re ready to help you overcome your financial challenges, so you can start living a debt-free life.

There is 1 office near you

Understanding your options with our Licensed Insolvency Trustees

Understanding your options starts with a confidential consultation with one of our Licensed Insolvency Trustees in West Lorne, where we’ll discuss solutions 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. We’re here to provide you with non-judgemental, unbiased advice and support from start to finish, so you can put your debt behind you for good.

BANKRUPTCY

Personal bankruptcy is a structured, formal process that offers individuals a fresh financial start. 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

The consumer proposal process is administered by a Licensed Insolvency Trustee and involves developing a formal, legally binding offer to your creditors that sets out a plan for paying back a portion of your unsecured debts over a period of up to five years. Whereas in a bankruptcy you may lose some assets, a consumer proposal allows you to keep all assets.

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. Because you only have one monthly debt payment to keep track of, debt consolidation helps take the guesswork out of paying bills and can make budgeting easier. 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

Different in meaning than bankruptcy, which is a legal process, insolvency refers to a financial state of not being able to meet debt payments 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.

Debt solutions aren’t one-size-fits-all, which is why it’s essential to get educated about your options. 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 West Lorne to guide you every step of the way. Get started today with a free confidential consultation.