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DEBT ASSISTANCE AT MNP LTD IN BURLINGTON, ONTARIO

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. Rest assured, MNP LTD is here to help. We offer a range of Life-Changing Debt Solutions that focus on helping you get rid of debt for good. You’ll work side-by-side with one of our Licensed Insolvency Trustees in Burlington to develop a tailored plan of action that best meets your unique needs. We’re here to help you regain control of your finances, so you can enjoy a debt-free future.

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Understand your options with a Licensed Insolvency Trustee

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

DEBT RELIEF

At MNP LTD, we appreciate that no two financial circumstances are the same. This is why you can expect to work privately with one of our Licensed Insolvency Trustees, who will help you better understand all of your options and decide on the best path to take. With us, you can expect the discreet guidance and unbiased advice you need to erase debt from your life.

BANKRUPTCY

Filing for bankruptcy is a structured, formal process that gives you the opportunity to start fresh with your finances. Your local MNP LTD Licensed Insolvency Trustee will administer the entire process from start to finish, including assisting you in the completion and filing of all required paperwork, informing your creditors, putting a stop to wage garnishments and working to prevent 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. One of the key differences between a consumer proposal and bankruptcy is that a consumer proposal allows you to hold onto all assets, which could otherwise be seized in a bankruptcy.

DEBT CONSOLIDATION

A debt consolidation loan merges multiple debts into a single monthly payment, normally at an interest rate that’s lower than your current credit card debt. Debt consolidation helps take the frustration out of juggling multiple debt payments, as only having one monthly debt payment to keep track of can make it easier to stay on top of your finances. As an accredited insolvency counsellor, your local MNP LTD Licensed Insolvency Trustee will explain all of your available options, so you can decide on the right path to take and start planning for a debt-free future.

INSOLVENCY

While insolvency is often confused with bankruptcy, the two are not the same: bankruptcy is a formal legal process, and insolvency is a financial state in which an individual is unable to pay back lenders on time. While insolvency is a condition can lead to declaring bankruptcy, you may have other options to consider, such as a consumer proposal or other debt consolidation options.

When it comes to finding the right debt solution, understanding your options is fundamental. Whether you want to know the advantages and disadvantages of filing for bankruptcy versus making a consumer proposal, or you want to know what steps are involved in consolidating credit, your local MNP LTD bankruptcy trustee in Burlington is here to walk you through every solution. Start today with a free confidential consultation.