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

get out of debt

DEBT ASSISTANCE AT MNP LTD IN RED LAKE, ONTARIO

If you’re overwhelmed by personal debt — and short-term solutions are only sinking you deeper into the cycle of debt — it’s time to consider a long-term approach. This is what sets MNP LTD apart. We provide Life-Changing Debt Solutions that can help you erase debt from your life once and for all. Your local MNP LTD Licensed Insolvency Trustee in Red Lake will work closely with you to design a unique plan that best suits your situation. We’re ready to help you get back on solid financial ground, so you can successfully prepare for a debt-free future.

There is 1 office near you

Find the right option with the help of a Licensed Insolvency Trustee

Understanding your options starts with a confidential consultation with one of our Licensed Insolvency Trustees in Red Lake, where we’ll discuss solutions including:

DEBT RELIEF

AT MNP LTD, we know that debt relief is not one-size-fits-all. For this reason, one of our Licensed Insolvency Trustees will carefully explain all of your options and help you determine the right path to take. Get the unbiased advice and confidential guidance you need to stop worrying about debt and start living again.

BANKRUPTCY

Filing for bankruptcy is a formal, structured process that offers you a fresh financial start. Your local MNP LTD Licensed Insolvency Trustee will guide you every step of the way, including helping you prepare and file all required documents, notifying 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). As an alternative to filing for bankruptcy, a consumer proposal allows you to keep assets that might otherwise be taken away in a bankruptcy.

DEBT CONSOLIDATION

A debt consolidation loan combines multiple debts into a single overall loan that you will pay off every month, typically at a better interest rate than your credit card debt. With debt consolidation, you no longer have to juggle multiple debt payments, which can make it easier to budget and stay on track. As Licensed Insolvency Trustees, we are accredited insolvency counsellors who will help you better understand your options, so you can select the right path towards living a debt-free life.

INSOLVENCY

Sometimes mistakenly used interchangeably with bankruptcy (a formal legal process), insolvency is a financial state of being unable to pay debts on time. 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.

When it comes to choosing the right debt solution for your needs, it’s important to get informed. 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 Red Lake MNP LTD bankruptcy trustee is here to provide the guidance and support you need. A debt-free future awaits: request a free confidential consultation today.