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DEBT ASSISTANCE AT MNP LTD IN SUMMERSIDE, PRINCE EDWARD ISLAND

If you’ve been stuck in the cycle of debt for a while — and fast fixes are only adding to your debts — it may be time to think about a more permanent approach. Fortunately, your local MNP LTD office is here to help. We provide Life-Changing Debt Solutions that are focused on helping your erase personal debt for good. Your local MNP LTD Licensed Insolvency Trustee in Summerside will work closely with you to design a unique plan that best suits your situation. We’re here to help you regain control of your finances, so you can enjoy a debt-free future.

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Navigate your options with our Licensed Insolvency Trustees

Understanding your options starts with a confidential consultation with one of our Licensed Insolvency Trustees in Summerside, where we’ll discuss solutions including:

DEBT RELIEF

At MNP LTD, we appreciate that each debt challenge is unique. That’s why one of our Licensed Insolvency Trustees will work closely with you to help you understand your options and determine the best path to take. We’re here to support you every step of the way, including providing the confidential guidance and unbiased advice you need to break free from the cycle of debt for good.

BANKRUPTCY

The structured, formal process of declaring bankruptcy is intended to give individuals a fresh financial start. Your local MNP LTD Licensed Insolvency Trustee will administer the entire process from start to finish, including assisting you in the completion and filing of all required paperwork, informing your creditors, putting a stop to wage garnishments and working to prevent 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. 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

If you qualify for a debt consolidation loan, all of your debts will be combined into one monthly payment, generally at an interest rate that’s lower than your current 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

Sometimes incorrectly used as a synonym for bankruptcy, which is a legal process, insolvency is a financial state in which a person can’t pay back lenders on time. While the condition of insolvency may lead to filing for bankruptcy, there may be other solutions available, including a consumer proposal or a debt consolidation loan.

When it comes to debt solutions, exploring your options is key. 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 Summerside is here to help every step of the way. Start today with a free confidential consultation.