Find a service:
Find
We've helped
hundreds of thousands
of Canadians

get out of debt

DEBT ASSISTANCE AT MNP LTD IN MORRISBURG, ONTARIO

If you’re feeling overwhelmed by debt — and temporary fixes are only adding to your financial burden — it’s time to look into a more permanent solution. This is what sets MNP LTD apart. We offer a range of Life-Changing Debt Solutions that focus on helping you get rid of debt for good. Your local Licensed Insolvency Trustee in Morrisburg will work individually with you to put together a custom plan that’s right for your circumstances. We empower you to get back on solid financial ground, so you can finally enjoy a debt-free life.

There are 2 offices near you

Explore debt solutions with our Licensed Insolvency Trustees

You can talk to your local MNP LTD Licensed Insolvency Trustee in Morrisburg about the different debt solutions that may be available to you, including:

DEBT RELIEF

At MNP LTD, we recognize that every debt challenge is different. 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. 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

As a structured, formal process, the purpose of bankruptcy is to provide you with 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). One of the differences between a consumer proposal and bankruptcy is that you get to keep all assets — assets that could potentially be taken away in a bankruptcy.

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. 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

Insolvency and bankruptcy may sound like the same thing, but they have different meanings: insolvency is a financial state of not being able to make debt payments on time, whereas bankruptcy is a legal process. While being insolvent could lead to filing for bankruptcy, there may be other paths to take, such as making a consumer proposal or taking out 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 want to know the key differences between bankruptcy and a consumer proposal or you’re wondering what the process of consolidating credit involves, your local Morrisburg MNP LTD bankruptcy trustee is here to provide the guidance and support you need. Start on the path to a debt-free future: get a free confidential consultation today.