Prescott
Ottawa, ON
K1Z 1G3
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DEBT ASSISTANCE AT MNP LTD IN PRESCOTT, 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. MNP LTD is here to help. Our Life-Changing Debt Solutions are purposely designed to help you put debt in the past, once and for all. You’ll work privately with one of our Licensed Insolvency Trustees in Prescott, where together we’ll develop a custom plan that works with your unique needs and circumstances. We empower you to take control of your finances, so you can plan for a debt-free future.
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Understand your options with a Licensed Insolvency Trustee
You can talk to your local MNP LTD Licensed Insolvency Trustee in Prescott 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. That’s why one of our Licensed Insolvency Trustees will work closely with you to help you understand your options and determine the best path to take. We’re here to provide unbiased, non-judgemental guidance, support and advice every step of the way, so you can put an end to your debt for good.
BANKRUPTCY
Filing for bankruptcy is a formal, structured process that offers you 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
Overseen by a Licensed Insolvency Trustee, the consumer proposal process involves developing a formal offer to your creditors to settle your unsecured debt via fixed monthly payments over a specific period of time (no longer than five years). One of the advantages of a consumer proposal is that it allows you to keep assets that might otherwise be seized in a bankruptcy.
DEBT CONSOLIDATION
A debt consolidation loan merges all of your debts into one overall loan that you will pay off on a monthly basis, usually at a lower interest rate than your credit card debt. With only one debt payment to make each month, debt consolidation helps take the guesswork out of paying bills on time. Your local MNP Licensed Insolvency Trustees are accredited insolvency counsellors who will help you decide on the right path for your situation, so you can plan for a debt-free future.
INSOLVENCY
Sometimes confused with the legal process of bankruptcy, insolvency is a financial state where a person cannot make debt payments 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. From learning the key differences between bankruptcy and a consumer proposal to understanding what’s involved in the process of consolidating credit, you can count on your local MNP LTD bankruptcy trustee in Prescott to guide you every step of the way. Start today with a free confidential consultation.