Mount Hope
Stoney Creek, ON
L8G 1A7
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DEBT ASSISTANCE AT MNP LTD IN MOUNT HOPE, ONTARIO
If you’re struggling to break free from the cycle of debt — and short-term fixes are only sinking you further into debt — it’s time to consider a more permanent approach. Rest assured, MNP LTD is here to help. Our Life-Changing Debt Solutions are designed to help you say goodbye to debt once and for all. One of our Licensed Insolvency Trustees in Mount Hope will work privately with you to put together the right plan of action for your unique circumstances. We’re ready to help you overcome your financial challenges, so you can start living a debt-free life.
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Compare your options with a Licensed Insolvency Trustee
One of our Licensed Insolvency Trustees in Mount Hope will help you get to know which solutions are available to you, including:
DEBT RELIEF
At MNP LTD, we are mindful that every situation is unique. 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 depend on us to provide discreet guidance, support and unbiased advice throughout the process, so you can put your debt in the past once and for all.
BANKRUPTCY
Personal bankruptcy is a structured, formal process that offers individuals a fresh financial start. The process will be led by a Licensed Insolvency Trustee who will assist you at every step, from preparing and filing all mandatory documents to alerting 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. One of the key differences between a consumer proposal and bankruptcy is that a consumer proposal allows you to hold onto all assets, which could otherwise be seized in a bankruptcy.
DEBT CONSOLIDATION
A debt consolidation loan takes all of your debts and combines them into a single loan that you will pay off each month, normally at an interest rate that’s better 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. 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
While insolvency is often confused with bankruptcy, the two are not the same: bankruptcy is a formal legal process, and insolvency is a financial state in which an individual is unable to pay back lenders on time. While declaring bankruptcy can relieve insolvency, it may not be the only option available to you — other solutions could include a consumer proposal or a debt consolidation loan.
When looking for debt solutions, it’s vital to understand your options. Whether you want to know the advantages and disadvantages of filing for bankruptcy versus making a consumer proposal, or you want to know what steps are involved in consolidating credit, your local MNP LTD bankruptcy trustee in Mount Hope is here to walk you through every solution. Get started today with a free confidential consultation.