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DEBT ASSISTANCE AT MNP LTD IN KELOWNA, BRITISH COLUMBIA

If you’ve been battling debt for a long time — and temporary solutions are only increasing your financial burden — you may need to take a more permanent approach. Rest assured, MNP LTD is here to help. Our Life-Changing Debt Solutions are designed to help you eliminate personal debt for good. You’ll work side-by-side with one of our Licensed Insolvency Trustees in Kelowna to develop a tailored plan of action that best meets your unique needs. We empower you to take control of your finances, so you can plan for a debt-free future.

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Understand your options with a Licensed Insolvency Trustee

One of our Licensed Insolvency Trustees in Kelowna will carefully review all of the options that may work for you, including:

DEBT RELIEF

At MNP LTD, we know every situation is different. 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. We’re here to provide unbiased, non-judgemental guidance, support and advice every step of the way, so you can put an end to your debt for good.

BANKRUPTCY

The formal, structured process of declaring bankruptcy offers you the opportunity to rebuild your finances from scratch. 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

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 declaring bankruptcy, a consumer proposal allows you to retain all assets.

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. With debt consolidation, having only one monthly debt payment to keep track of can make it easier for you to manage your finances. Our Licensed Insolvency Trustees are accredited insolvency counsellors and will discuss the options available to you, so you so can make an informed decision — and take the first step toward a debt-free future.

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 an insolvent individual may decide to declare bankruptcy, there may be other alternatives to choose from, such as a consumer proposal or debt consolidation options.

When it comes to finding the right debt solution, understanding your options is fundamental. 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 Kelowna is here to help every step of the way. Get a free confidential consultation today.