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DEBT ASSISTANCE AT MNP LTD IN ALFRED, ONTARIO

If you’re feeling overwhelmed by debt — and temporary fixes are only adding to your financial burden — it’s time to look into a more permanent solution. That’s where MNP LTD stands out. Our Life-Changing Debt Solutions are specifically designed to help you eliminate your debt for good. One of our Licensed Insolvency Trustees in Alfred will work privately with you to put together the right plan of action 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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Get to know your options with our Licensed Insolvency Trustees

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

DEBT RELIEF

At MNP LTD, we appreciate that each debt challenge is unique. 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 offer confidential guidance and non-judgemental advice to help you break free from personal debt for good.

BANKRUPTCY

As a structured, formal process, the purpose of bankruptcy is to provide you with a fresh financial start. The process is administered by a Licensed Insolvency Trustee, who will help you complete and file all mandatory paperwork, notify your creditors, stop wage garnishments and help prevent further legal action against you.

CONSUMER PROPOSAL

Filed under the guidance of a Licensed Insolvency Trustee, a consumer proposal allows you to develop and negotiate a formal agreement between you and your creditors in which you will pay back a portion of your debts over time, up to a five-year maximum term. While you may need to hand over assets in a bankruptcy, a consumer proposal allows you to keep all assets.

DEBT CONSOLIDATION

A debt consolidation loan takes all of your debts and combines them into a single loan that you will pay off each month, normally at an interest rate that’s better than your current credit card debt. With debt consolidation, you don’t have to worry about keeping track of multiple debt payments, which can make it easier to budget. 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

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. While filing for bankruptcy can resolve insolvency, it may not be your only option — depending on your situation, you might also be able to make a consumer proposal or take out a debt consolidation loan.

When it comes to choosing the right debt solution for your needs, it’s important to get informed. Your local MNP LTD bankruptcy trustee in Alfred 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 on the path to a debt-free future: get a free confidential consultation today.