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DEBT ASSISTANCE AT MNP LTD IN CHATHAM, 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. Our Life-Changing Debt Solutions are designed to help you say goodbye to debt once and for all. You’ll work side-by-side with one of our Licensed Insolvency Trustees in Chatham to develop a tailored plan of action that best meets your unique needs. We empower you to take control of your finances, so you can plan for a debt-free future.

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Understanding your options with our Licensed Insolvency Trustees

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

DEBT RELIEF

At MNP LTD, we know every situation is different. This is why one of our Licensed Insolvency Trustees will walk you through your options and help you decide on the right path to take. We’re here to support you every step of the way, including providing the confidential guidance and unbiased advice you need to break free from the cycle of debt for good.

BANKRUPTCY

Filing for bankruptcy is a structured, formal process that gives you the opportunity to start fresh with your finances. 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

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. While you may need to hand over assets in a bankruptcy, a consumer proposal allows you to keep all assets.

DEBT CONSOLIDATION

Once you are approved for a debt consolidation loan, all of your debts will combine into one monthly payment, generally at a reduced interest rate — one that’s lower 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. Your local MNP Licensed Insolvency Trustees are accredited insolvency counsellors who will help you decide on the right path for your situation, so you can plan for a debt-free future.

INSOLVENCY

Sometimes confused with the legal process of bankruptcy, insolvency is a financial state where a person cannot make debt payments 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. 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 Chatham is ready to assist you one-on-one. Get a free confidential consultation today.