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DEBT ASSISTANCE AT MNP LTD IN QUEBEC, QUÉBEC

If you’re stuck on the rollercoaster of debt — and temporary fixes just aren’t working for you — it’s time to find a more permanent solution. That’s where MNP LTD stands out. Our Life-Changing Debt Solutions are specifically designed to help you eliminate your debt for good. Your local Licensed Insolvency Trustee in Québec will work individually with you to put together a custom plan that’s right for your circumstances. We empower you to take control of your finances, so you can plan for a debt-free future.

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Compare your options with a Licensed Insolvency Trustee

Your local MNP LTD Licensed Insolvency Trustee in Québec 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. That’s why you can expect to work closely with one of our Licensed Insolvency Trustees, who will help you fully understand your options and decide on the best course of action. 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

Filing for bankruptcy is a formal, structured process that offers you 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

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. While you may need to hand over assets in a bankruptcy, a consumer proposal allows you to keep all assets.

DEBT CONSOLIDATION

A debt consolidation loan combines multiple debts into a single overall loan that you will pay off every month, typically at a better interest rate than your 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. 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 you might see the terms “insolvency” and “bankruptcy” being used interchangeably, they have different meanings: bankruptcy is a legal declaration and process, and insolvency is a financial state in which a person cannot pay creditors on time. While filing for bankruptcy can resolve insolvency, it may not be your only option — depending on your situation, you might also be able to make a consumer proposal or take out a debt consolidation loan.

Getting to know your options is an important first step in finding the right debt solution. Your local MNP LTD bankruptcy trustee in Québec 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. Start on the path to a debt-free future: get a free confidential consultation today.