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DEBT ASSISTANCE AT MNP LTD IN CRANBROOK, BRITISH COLUMBIA

If you’re feeling weighed down by debt — and quick solutions are only pulling you deeper into debt — it may be time to take a long-term approach. This is what sets MNP LTD apart. Our Life-Changing Debt Solutions are specifically designed to help you eliminate your debt for good. You’ll work privately with one of our Licensed Insolvency Trustees in Cranbrook, where together we’ll develop a custom plan that works with your unique needs and 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

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

DEBT RELIEF

AT MNP LTD, we know every debt challenge is different. That’s why one of our Licensed Insolvency Trustees will work closely with you to help you understand your options and determine the best path to take. 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 formal, structured process of declaring bankruptcy offers you the opportunity to rebuild your finances from scratch. One of our Licensed Insolvency Trustees will walk you through every step of the process, including preparing and filing all mandatory documents, informing your creditors, putting a stop to wage garnishments and helping avert any 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). 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

If you qualify for a debt consolidation loan, all of your debts will be combined into one monthly payment, generally at an interest rate that’s lower than your current 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. As Licensed Insolvency Trustees, we are accredited insolvency counsellors who will help you better understand your options, so you can select the right path towards living a debt-free life.

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 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.

Getting to know your options is an important first step in finding the right debt solution. From learning the ins and out of consolidating credit to understanding the pros and cons of bankruptcy versus a consumer proposal, your local MNP LTD bankruptcy trustee in Cranbrook is here provide the guidance, advice and support you need. A debt-free future awaits: request a free confidential consultation today.