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DEBT ASSISTANCE AT MNP LTD IN KITCHENER, ONTARIO

If you’re feeling weighed down by debt — and quick solutions are only pulling you deeper into debt — it may be time to take a long-term approach. Rest assured, MNP LTD is here to help. We offer Life-Changing Debt Solutions that can help you say goodbye to debt for good. One of our Licensed Insolvency Trustees in Kitchener will work side-by-side with you to create a customized plan that works best for your individual situation. We’re here to help you regain control of your finances, so you can enjoy a debt-free future.

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Compare debt solutions with a Licensed Insolvency Trustee

One of our Licensed Insolvency Trustees in Kitchener is ready to review all of your available options, such as:

DEBT RELIEF

At MNP LTD, we recognize that every debt challenge is different. This is why your local Licensed Insolvency Trustee will take the time to help you understand your solutions and select the most appropriate path to take. You can count on us for the discreet guidance, advice and support you need to be done with debt for good.

BANKRUPTCY

Declaring bankruptcy is a structured, formal process designed 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

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). As an alternative to declaring bankruptcy, a consumer proposal allows you to retain all assets.

DEBT CONSOLIDATION

If you qualify for a debt consolidation loan, all of your debts will be combined into one monthly payment, generally at an interest rate that’s lower than your current credit card debt. Since you only have a single monthly debt payment to make, debt consolidation can make it easier for you to stay on top of your finances. As Licensed Insolvency Trustees, we are accredited insolvency counsellors who will guide you through your options, so you can choose the best path to a debt-free future.

INSOLVENCY

While you might see the terms “insolvency” and “bankruptcy” being used interchangeably, they have different meanings: bankruptcy is a legal declaration and process, and insolvency is a financial state in which a person cannot pay creditors on time. While the condition of insolvency may lead to filing for bankruptcy, there may be other solutions available, including a consumer proposal or a debt consolidation loan.

Deciding on the right debt solution starts with getting informed. 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 Kitchener is here to help every step of the way. Get started today with a free confidential consultation.