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DEBT ASSISTANCE AT MNP LTD IN SELKIRK, MANITOBA

If you’ve been stuck in the cycle of debt for a while — and fast fixes are only adding to your debts — it may be time to think about a more permanent approach. Fortunately, your local MNP LTD office is here to help. We provide Life-Changing Debt Solutions that are focused on helping your erase personal debt for good. Your local Licensed Insolvency Trustee in Selkirk will work individually with you to put together a custom plan that’s right for your circumstances. We’re ready to help you overcome your financial challenges, so you can start living a debt-free life.

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Understand your options with a Licensed Insolvency Trustee

Your local MNP LTD Licensed Insolvency Trustee in Selkirk is here to help you navigate your options, which may include:

DEBT RELIEF

At MNP LTD, we appreciate that each debt challenge is unique. 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. 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 structured, formal process of personal bankruptcy enables you to start from scratch with your finances. 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

Developed with help of a Licensed Insolvency Trustee, a consumer proposal is a legally binding agreement between you and your creditors that outlines a plan for paying back your unsecured debt within a maximum term of five years. As an alternative to declaring bankruptcy, a consumer proposal allows you to retain all assets.

DEBT CONSOLIDATION

A debt consolidation loan combines multiple debts into a single overall loan that you will pay off every month, typically at a better interest rate than your credit card debt. Because you only have one monthly debt payment to keep track of, debt consolidation helps take the guesswork out of paying bills and can make budgeting easier. Our Licensed Insolvency Trustees are accredited insolvency counsellors who will explore all of your options with you, so you can make the best decision for your circumstances and plan for a debt-free future.

INSOLVENCY

While you might see the terms “insolvency” and “bankruptcy” being used interchangeably, they have different meanings: bankruptcy is a legal declaration and process, and insolvency is a financial state in which a person cannot pay creditors 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.

When it comes to debt solutions, it’s important to know your options. From learning the difference between filing for bankruptcy and making a consumer proposal to understanding the process of consolidating credit, your nearby MNP LTD bankruptcy trustee in Selkirk is ready to assist you one-on-one. Get started today with a free confidential consultation.