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DEBT ASSISTANCE AT MNP LTD IN MEDICINE HAT, 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. Fortunately, your local MNP LTD office is here to help. We provide Life-Changing Debt Solutions that are focused on helping your erase personal debt for good. One of our Licensed Insolvency Trustees in Medicine Hat will work privately with you to put together the right plan of action for your unique circumstances. We empower you to resolve your financial challenges, so you can finally become debt free.

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Explore debt solutions with our Licensed Insolvency Trustees

One of our Licensed Insolvency Trustees in Medicine Hat will help you get to know which solutions are available to you, including:

DEBT RELIEF

At MNP LTD, we are mindful that every situation is unique. Rest assured, one our Licensed Insolvency Trustees will guide you through your options, so you can make the best decision for your circumstances. 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

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

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. Since you only have a single monthly debt payment to make, debt consolidation can make it easier for you to stay on top of your finances. Your local MNP LTD Licensed Insolvency Trustee is an accredited insolvency counsellor who will walk you through your options, so you can embark on the right path to a debt-free future.

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 it comes to debt solutions, exploring your options is key. 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 Medicine Hat is here to help every step of the way. Get started today with a free confidential consultation.