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DEBT ASSISTANCE AT MNP LTD IN OHSWEKEN, ONTARIO

If you’re struggling to make ends meet — and temporary solutions are only pushing you further into debt — it’s time to take a more permanent approach. This is exactly what sets MNP LTD apart. Our Life-Changing Debt Solutions are specifically designed to help you eliminate your debt for good. One of our Licensed Insolvency Trustees in Ohsweken will guide you in creating a personalized action plan that’s right for your situation. We’re ready to help you overcome your financial challenges, so you can start living a debt-free life.

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Explore your options with a Licensed Insolvency Trustee

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

DEBT RELIEF

At MNP LTD, we are mindful that every situation is unique. Rest assured, one our Licensed Insolvency Trustees will guide you through your options, so you can make the best decision for your circumstances. 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

The structured, formal process of declaring bankruptcy is intended to give individuals 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

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 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

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. Debt consolidation helps take the frustration out of juggling multiple debt payments, as only having one monthly debt payment to keep track of can make it easier to stay on top of 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

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 an insolvent individual may decide to declare bankruptcy, there may be other alternatives to choose from, such as a consumer proposal or debt consolidation options.

Debt solutions aren’t one-size-fits-all, which is why it’s essential to get educated about your options. Your local MNP LTD bankruptcy trustee in Ohsweken is here to answer all of your questions, from outlining the differences between declaring bankruptcy and making a consumer proposal to detailing the process of consolidating credit. Take the first step: request a free confidential consultation today.