Bow Island
Lethbridge, AB
T1J 4V1
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DEBT ASSISTANCE AT MNP LTD IN BOW ISLAND, ALBERTA
If you’ve been battling debt for a long time — and temporary solutions are only increasing your financial burden — you may need to take a more permanent approach. MNP LTD is here to help. Our Life-Changing Debt Solutions are designed to help you eliminate personal debt for good. Your local MNP LTD Licensed Insolvency Trustee in Bow Island 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 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 Bow Island is here to help you navigate your options, which may include:
DEBT RELIEF
At MNP LTD, we appreciate that each debt challenge is unique. This is why your local Licensed Insolvency Trustee will take the time to help you understand your solutions and select the most appropriate path to take. With us, you can expect the discreet guidance and unbiased advice you need to erase debt from your life.
BANKRUPTCY
The structured, formal process of personal bankruptcy enables you to start from scratch with your finances. 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
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. As an alternative to personal bankruptcy, a consumer proposal lets you keep assets that you might otherwise lose in a bankruptcy.
DEBT CONSOLIDATION
A debt consolidation loan takes all of your debts and combines them into a single loan that you will pay off each month, normally at an interest rate that’s better than your current credit card debt. With only one debt payment to make each month, debt consolidation helps take the guesswork out of paying bills on time. As accredited insolvency counsellors, our Licensed Insolvency Trustees will discuss all of your options with you, so you can decide on the best path to take to become debt-free.
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 insolvency can lead to filing for bankruptcy, there may be other debt relief solutions to consider, including debt consolidation loans or a consumer proposal.
When it comes to choosing the right debt solution for your needs, it’s important to get informed. Your local MNP LTD bankruptcy trustee in Bow Island 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.