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DEBT ASSISTANCE AT MNP LTD IN COCHRANE, ALBERTA

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. MNP LTD is here to help. We provide Life-Changing Debt Solutions that can help you erase debt from your life once and for all. You’ll work privately with one of our Licensed Insolvency Trustees in Cochrane, where together we’ll develop a custom plan that works with your unique needs and circumstances. We’re ready to help you overcome your financial challenges, so you can start living a debt-free life.

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Understanding your options with our Licensed Insolvency Trustees

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

DEBT RELIEF

AT MNP LTD, we know every debt challenge is different. 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 provide you with non-judgemental, unbiased advice and support from start to finish, so you can put your debt behind you for good.

BANKRUPTCY

Filing for bankruptcy is a structured, formal process that gives you the opportunity to start fresh with your finances. One of our Licensed Insolvency Trustees at your local MNP LTD office will lead you through each step of the process, from preparing and filing all necessary documents, alerting your creditors, stopping wage garnishments and helping prevent further legal action against you.

CONSUMER PROPOSAL

Overseen by a Licensed Insolvency Trustee, the consumer proposal process involves developing a formal offer to your creditors to settle your unsecured debt via fixed monthly payments over a specific period of time (no longer than 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 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 debt consolidation, you no longer have to juggle multiple debt payments, which can make it easier to budget and stay on track. 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

Sometimes mistaken as interchangeable terms, insolvency and bankruptcy mean two different things: bankruptcy is defined as a legal process, whereas insolvency is a financial state where a person is unable to pay back creditors on time. If you are insolvent, you may be considering filing for bankruptcy; however, alternative solutions could also be available to you, like a consumer proposal or debt consolidation loan.

Debt solutions aren’t one-size-fits-all, which is why it’s essential to get educated about your options. Whether you want to know the key differences between bankruptcy and a consumer proposal or you’re wondering what the process of consolidating credit involves, your local Cochrane MNP LTD bankruptcy trustee is here to provide the guidance and support you need. Start your journey to a debt-free future with a free confidential consultation.