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DEBT ASSISTANCE AT MNP LTD IN CALEDONIA, 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. 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. Your local MNP LTD Licensed Insolvency Trustee in Caledonia will work privately with you to put together a tailored plan of action that’s right for your unique circumstances. We’re ready to help you get back on solid financial ground, so you can successfully prepare for a debt-free future.

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Explore your options with a Licensed Insolvency Trustee

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

DEBT RELIEF

At MNP LTD, we know every situation is different. That’s why you’ll work closely with one of our Licensed Insolvency Trustees, who will walk you through your options and help you select the best course of action for your situation. We’re here to provide the confidential guidance, support and unbiased advice you need to stop the cycle of debt once and for all.

BANKRUPTCY

Filing for bankruptcy is a formal, structured process that offers you a fresh financial start. Your local Licensed Insolvency Trustee will assist you throughout the process, including completing and filing all necessary paperwork, alerting your creditors, halting wage garnishments and helping stop further legal action against you.

CONSUMER PROPOSAL

Filed through a Licensed Insolvency Trustee, a consumer proposal is a formal, legally binding agreement between you and your creditors that enables you to pay back a portion of your debts over a set length of time (no longer than five years). As an alternative to declaring bankruptcy, a consumer proposal allows you to retain all assets.

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. With only one monthly debt payment to stay on top of, debt consolidation can make it easier to budget and pay bills on time. 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

Not to be confused with bankruptcy, which is a legal process, insolvency is a financial state in which an individual cannot meet debt payments on time. While an insolvent individual may decide to declare bankruptcy, there may be other alternatives to choose from, such as a consumer proposal or debt consolidation options.

When it comes to finding the right debt solution, understanding your options is fundamental. Your local MNP LTD bankruptcy trustee in Caledonia 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.