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DEBT ASSISTANCE AT MNP LTD IN CHILLIWACK, BRITISH COLUMBIA

If you’re overwhelmed by personal debt — and short-term solutions are only sinking you deeper into the cycle of debt — it’s time to consider a long-term approach. Fortunately, your local MNP LTD office is here to help. We offer a range of Life-Changing Debt Solutions that focus on helping you get rid of debt for good. One of our Licensed Insolvency Trustees in Chilliwack 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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Explore debt solutions with our Licensed Insolvency Trustees

You can talk to your local MNP LTD Licensed Insolvency Trustee in Chilliwack about the different debt solutions that may be available to you, including:

DEBT RELIEF

At MNP LTD, we appreciate that each debt challenge is unique. That’s why you’ll work closely with one of our Licensed Insolvency Trustees, who will walk you through your options and help you select the best course of action for your situation. You can depend on us to provide discreet guidance, support and unbiased advice throughout the process, so you can put your debt in the past once and for all.

BANKRUPTCY

The structured, formal process of declaring bankruptcy is intended to give individuals a fresh financial start. One of our local Licensed Insolvency Trustees will guide you through every step of the process, including the preparation and filing of all mandatory paperwork, notifying creditors, stopping wage garnishments and helping avert any further legal action against you.

CONSUMER PROPOSAL

A consumer proposal is a formal, legally binding process that is administered by a Licensed Insolvency Trustee; together, you will develop a formal offer to your creditors to settle your unsecured debt over time (no more than 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 combines multiple debts into one monthly payment, which is often 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

Different in meaning than bankruptcy, which is a legal process, insolvency refers to a financial state of not being able to meet debt payments on time. While insolvency is a condition can lead to declaring bankruptcy, you may have other options to consider, such as a consumer proposal or other debt consolidation options.

Getting to know your options is an important first step in finding the right debt solution. 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 Chilliwack is here to walk you through every solution. Get started with a free confidential consultation.