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DEBT ASSISTANCE AT MNP LTD IN DURHAM, ONTARIO

If you’ve been battling debt for a long time — and temporary solutions are only increasing your financial burden — you may need to take a more permanent approach. That’s where MNP LTD stands out. We offer a range of Life-Changing Debt Solutions that focus on helping you get rid of debt for good. One of our Licensed Insolvency Trustees in Durham will guide you in creating a personalized action plan that’s right for your situation. We empower you to resolve your financial challenges, so you can finally become debt free.

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Get to know your options with our Licensed Insolvency Trustees

Your local MNP LTD Licensed Insolvency Trustee in Durham is always here to discuss all the solutions that may be available to you, including:

DEBT RELIEF

At MNP LTD, we know every situation is different. This is why one of our Licensed Insolvency Trustees will explain all of your options in detail, so you can choose the best course of action. We offer confidential guidance and non-judgemental advice to help you break free from personal debt for good.

BANKRUPTCY

The structured, formal process of declaring bankruptcy is intended to give individuals a fresh financial start. One of our Licensed Insolvency Trustees at your local MNP LTD office will lead you through each step of the process, from preparing and filing all necessary documents, alerting your creditors, stopping wage garnishments and helping prevent further legal action against you.

CONSUMER PROPOSAL

A consumer proposal is a formal, legally binding process that is administered by a Licensed Insolvency Trustee; together, you will develop a formal offer to your creditors to settle your unsecured debt over time (no more than five years). 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 combines all of your debts into a single monthly payment, typically at a lower interest rate than your credit card debt. With debt consolidation, having only one monthly debt payment to keep track of can make it easier for you to manage your finances. Your local MNP LTD Licensed Insolvency Trustee is an accredited insolvency counsellor who will walk you through your options, so you can embark on the right path to a debt-free future.

INSOLVENCY

Different in meaning than bankruptcy, which is a legal process, insolvency refers to a financial state of not being able to meet debt payments on time. While declaring bankruptcy can resolve insolvency, it’s important to consider all available options first, including, but not limited to, a consumer proposal or a debt consolidation loan.

Debt solutions aren’t one-size-fits-all, which is why it’s essential to get educated about your options. Whether you’re trying to understand the difference between bankruptcy and a consumer proposal or you want to learn more about the process of consolidating credit, your local MNP LTD bankruptcy trustee in Durham is here to help every step of the way. Start today with a free confidential consultation.