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DEBT ASSISTANCE AT MNP LTD IN LACOLLE, QUÉBEC

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. That’s where MNP LTD stands out. Our Life-Changing Debt Solutions are designed to help you eliminate personal debt for good. You’ll work side-by-side with one of our Licensed Insolvency Trustees in Lacolle to develop a tailored plan of action that best meets your unique needs. 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 debt solutions with our Licensed Insolvency Trustees

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

DEBT RELIEF

AT MNP LTD, we know that debt relief is not one-size-fits-all. Rest assured, one our Licensed Insolvency Trustees will guide you through your options, so you can make the best decision for your circumstances. You can count on us for the discreet guidance, advice and support you need to be done with debt for good.

BANKRUPTCY

Declaring bankruptcy is a structured, formal process designed to provide you with a fresh financial start. Throughout the process, you’ll be assisted by one of our Licensed Insolvency Trustees, who will help you prepare and file all necessary documents, inform your creditors, stop wage garnishments and help prevent any further legal action against you.

CONSUMER PROPOSAL

Filed under the guidance of a Licensed Insolvency Trustee, a consumer proposal allows you to develop and negotiate a formal agreement between you and your creditors in which you will pay back a portion of your debts over time, up to a five-year maximum term. 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

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. Not having to make several debt payments every month can help make it easier to budget for repayment. 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 mistakenly used interchangeably with bankruptcy (a formal legal process), insolvency is a financial state of being unable to pay debts 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 looking for debt solutions, it’s vital to understand your options. Your local MNP LTD bankruptcy trustee in Lacolle is here to answer all of your questions, from outlining the differences between declaring bankruptcy and making a consumer proposal to detailing the process of consolidating credit. Get started with a free confidential consultation.