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DEBT ASSISTANCE AT MNP LTD IN CASTLEGAR, 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. Fortunately, your local MNP LTD office is here to help. Our Life-Changing Debt Solutions are designed to help you say goodbye to debt once and for all. One of our Licensed Insolvency Trustees in Castlegar will work side-by-side with you to create a customized plan that works best for your individual situation. We’re here to provide the guidance you need to take control of your finances and prepare for a debt-free future.

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Find the right option with the help of a Licensed Insolvency Trustee

Understanding your options starts with a confidential consultation with one of our Licensed Insolvency Trustees in Castlegar, where we’ll discuss solutions including:

DEBT RELIEF

AT MNP LTD, we realize that no two financial situations are exactly the same. For this reason, one of our Licensed Insolvency Trustees will carefully explain all of your options and help you determine the right path to take. Get the unbiased advice and confidential guidance you need to stop worrying about debt and start living again.

BANKRUPTCY

Personal bankruptcy is a formal, structured process designed to help you completely reset 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

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). One of the advantages of a consumer proposal is that it allows you to keep assets that might otherwise be seized 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. Not having to make several debt payments every month can help make it easier to budget for repayment. 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

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 relieve insolvency, it may not be the only option available to you — other solutions could include a consumer proposal or a debt consolidation loan.

When it comes to deciding between debt solutions, getting informed is the first step. Whether you want to know the advantages and disadvantages of filing for bankruptcy versus making a consumer proposal, or you want to know what steps are involved in consolidating credit, your local MNP LTD bankruptcy trustee in Castlegar is here to walk you through every solution. Start your journey to a debt-free future with a free confidential consultation.