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DEBT ASSISTANCE AT MNP LTD IN PORTAGE LA PRAIRIE, MANITOBA

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. This is where MNP LTD can 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 Portage la Prairie will guide you in creating a personalized action plan that’s right for your situation. We’re here to help you get your finances in check, so you can make a debt-free future a reality.

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Explore your options with a Licensed Insolvency Trustee

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

DEBT RELIEF

AT MNP LTD, we know every debt challenge is different. 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. We’re here to support you every step of the way, including providing the confidential guidance and unbiased advice you need to break free from the cycle of debt for good.

BANKRUPTCY

Filing for bankruptcy is a formal, structured process that offers you a fresh financial start. The process will be led by a Licensed Insolvency Trustee who will assist you at every step, from preparing and filing all mandatory documents to alerting creditors, halting wage garnishments and helping stop further legal action against you.

CONSUMER PROPOSAL

In a consumer proposal, you’ll work with a Licensed Insolvency Trustee to negotiate a formal agreement between you and your creditors to make fixed monthly payments over time, up to a five-year maximum. As an alternative to filing for bankruptcy, a consumer proposal allows you to keep assets that might otherwise be taken away 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. Since you only have a single monthly debt payment to make, debt consolidation can make it easier for you to stay on top of your finances. 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 the condition of insolvency may lead to filing for bankruptcy, there may be other solutions available, including a consumer proposal or a debt consolidation loan.

Debt solutions aren’t one-size-fits-all, which is why it’s essential to get educated about your options. 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 Portage la Prairie is here provide the guidance, advice and support you need. Get started today with a free confidential consultation.