Grande Prairie
Edmonton, AB
T5J 3G1
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DEBT ASSISTANCE AT MNP LTD IN GRANDE PRAIRIE, ALBERTA
If you’ve been struggling with debt for a while — and quick fixes are only adding to your debts — you may want to consider a more permanent solution. That’s where MNP LTD stands out. Our Life-Changing Debt Solutions are intended to help you stop the cycle of debt once and for all. You’ll work privately with one of our Licensed Insolvency Trustees in Grande Prairie, where together we’ll develop a custom plan that works with your unique needs and circumstances. We empower you to get back on solid financial ground, so you can finally enjoy a debt-free life.
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Understanding your options with our Licensed Insolvency Trustees
One of our Licensed Insolvency Trustees in Grande Prairie will help you get to know which solutions are available to you, including:
DEBT RELIEF
At MNP LTD, we appreciate that each debt challenge is unique. This is why one of our Licensed Insolvency Trustees will explain all of your options in detail, so you can choose the best course of action. We offer confidential guidance and non-judgemental advice to help you break free from personal debt for good.
BANKRUPTCY
Declaring bankruptcy is a structured, formal process designed to provide you with 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
Managed by a Licensed Insolvency Trustee, the consumer proposal process consists of negotiating a formal agreement between you and your creditors that enables you make set monthly payments over a fixed period of time (not to exceed 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 all of your debts into a single monthly payment, typically at a lower interest rate than your credit card debt. Not having to make several debt payments every month can help make it easier to budget for repayment. Your local MNP Licensed Insolvency Trustees are accredited insolvency counsellors who will help you decide on the right path for your situation, so you can plan for a debt-free future.
INSOLVENCY
Insolvency and bankruptcy may sound like the same thing, but they have different meanings: insolvency is a financial state of not being able to make debt payments on time, whereas bankruptcy is a legal process. While declaring bankruptcy can resolve insolvency, it’s important to consider all available options first, including, but not limited to, a consumer proposal or a debt consolidation loan.
When looking for debt solutions, it’s vital to understand your options. 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 Grande Prairie is here to help every step of the way. Get started with a free confidential consultation.