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DEBT ASSISTANCE AT MNP LTD IN NANAIMO, 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. Fortunately, your local MNP LTD office is here to help. Our Life-Changing Debt Solutions are purposely designed to help you put debt in the past, once and for all. You’ll work side-by-side with one of our Licensed Insolvency Trustees in Nanaimo to develop a tailored plan of action that best meets your unique needs. We’re ready to help you get back on solid financial ground, so you can successfully prepare for a debt-free future.

There are 8 offices near you

Navigate your options with our Licensed Insolvency Trustees

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

DEBT RELIEF

AT MNP LTD, we know that debt relief is not one-size-fits-all. 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. With us, you can expect the discreet guidance and unbiased advice you need to erase debt from your life.

BANKRUPTCY

Declaring bankruptcy is a structured, formal process designed to provide you with a fresh financial start. 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 differences between a consumer proposal and bankruptcy is that you get to keep all assets — assets that could potentially be taken away in a bankruptcy.

DEBT CONSOLIDATION

Once you are approved for a debt consolidation loan, all of your debts will combine into one monthly payment, generally at a reduced interest rate — one that’s lower 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. Rest assured, your local MNP LTD Licensed Insolvency Trustee will help you explore your options, so you can decide on the best course of action for a debt-free future.

INSOLVENCY

Sometimes incorrectly used as a synonym for bankruptcy, which is a legal process, insolvency is a financial state in which a person can’t pay back lenders on time. If you are insolvent, you may be considering filing for bankruptcy; however, alternative solutions could also be available to you, like a consumer proposal or debt consolidation loan.

When looking for debt solutions, it’s vital to understand your options. Your local MNP LTD bankruptcy trustee in Nanaimo is here to answer all of your questions, from outlining the differences between declaring bankruptcy and making a consumer proposal to detailing the process of consolidating credit. Start your journey to a debt-free future with a free confidential consultation.