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DEBT ASSISTANCE AT MNP LTD IN CAPE BRETON, NOVA SCOTIA

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 what sets MNP LTD apart. Our Life-Changing Debt Solutions are specifically designed to help you eliminate your debt for good. One of our Licensed Insolvency Trustees in Cape Breton will work one-on-one with you to develop a personalized plan that works best for your unique circumstances. We’re ready to help you overcome your financial challenges, so you can start living a debt-free life.

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Explore debt solutions with our Licensed Insolvency Trustees

You can count on your local MNP LTD Licensed Insolvency Trustee in Cape Breton to detail the solutions that may be right for you, including:

DEBT RELIEF

At MNP LTD, we appreciate that no two financial circumstances are the same. This is why your local Licensed Insolvency Trustee will take the time to help you understand your solutions and select the most appropriate path to take. Get the unbiased advice and confidential guidance you need to stop worrying about debt and start living again.

BANKRUPTCY

The structured, formal process of personal bankruptcy enables you to start from scratch with your finances. Throughout the process, you’ll be assisted by one of our Licensed Insolvency Trustees, who will help you prepare and file all necessary documents, inform your creditors, stop wage garnishments and help prevent any 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 personal bankruptcy, a consumer proposal lets you keep assets that you might otherwise lose 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. 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 insolvency can lead to filing for bankruptcy, there may be other debt relief solutions to consider, including debt consolidation loans or a consumer proposal.

When it comes to debt solutions, it’s important to know your options. Whether you want to know the key differences between bankruptcy and a consumer proposal or you’re wondering what the process of consolidating credit involves, your local Cape Breton MNP LTD bankruptcy trustee is here to provide the guidance and support you need. Start your journey to a debt-free future with a free confidential consultation.