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DEBT ASSISTANCE AT MNP LTD IN BARRIERE, BRITISH COLUMBIA

If you’re feeling overwhelmed by debt — and temporary fixes are only adding to your financial burden — it’s time to look into a more permanent solution. This is what makes MNP LTD different. We provide Life-Changing Debt Solutions that can help you erase debt from your life once and for all. One of our Licensed Insolvency Trustees in Barriere will work privately with you to put together the right plan of action for your unique 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

When you visit your local MNP LTD Licensed Insolvency Trustee in Barriere, we’ll discuss the options that may be right for you, such as:

DEBT RELIEF

At MNP LTD, we appreciate that no two financial circumstances are the same. 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. You can count on us for the discreet guidance, advice and support you need to be done with debt for good.

BANKRUPTCY

As a structured, formal process, the purpose of bankruptcy is to provide you with a fresh financial start. Your local MNP LTD Licensed Insolvency Trustee will guide you every step of the way, including helping you prepare and file all required documents, notifying 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). 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 merges all of your debts into one overall loan that you will pay off on a monthly basis, usually at a lower interest rate than your credit card debt. With debt consolidation, having only one monthly debt payment to keep track of can make it easier for you to manage your finances. 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

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. While being insolvent could lead to filing for bankruptcy, there may be other paths to take, such as making a consumer proposal or taking out a debt consolidation loan.

Deciding on the right debt solution starts with getting informed. From learning the key differences between bankruptcy and a consumer proposal to understanding what’s involved in the process of consolidating credit, you can count on your local MNP LTD bankruptcy trustee in Barriere to guide you every step of the way. Start your journey to a debt-free future with a free confidential consultation.