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DEBT ASSISTANCE AT MNP LTD IN LAVALTRIE, QUÉBEC

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 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 Lavaltrie will work individually with you to put together a custom plan that’s right for your circumstances. We’re ready to help you take control of your finances, so you can live a debt-free life.

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Understanding your options with our Licensed Insolvency Trustees

Your local MNP LTD Licensed Insolvency Trustee in Lavaltrie is here to help you navigate your options, which may include:

DEBT RELIEF

At MNP LTD, we appreciate that no two financial circumstances are the same. 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. We offer confidential guidance and non-judgemental advice to help you break free from personal debt for good.

BANKRUPTCY

Filing for bankruptcy is a structured, formal process that gives you the opportunity to start fresh with your finances. Your local Licensed Insolvency Trustee will assist you throughout the process, including completing and filing all necessary paperwork, alerting your 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. While you may need to hand over assets in a bankruptcy, a consumer proposal allows you to keep all assets.

DEBT CONSOLIDATION

A debt consolidation loan merges multiple debts into a single monthly payment, normally at an interest rate that’s lower than your current 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 accredited insolvency counsellors, our Licensed Insolvency Trustees will discuss all of your options with you, so you can decide on the best path to take to become debt-free.

INSOLVENCY

Sometimes confused with the legal process of bankruptcy, insolvency is a financial state where a person cannot make debt payments on time. While filing for bankruptcy can resolve insolvency, it may not be your only option — depending on your situation, you might also be able to make a consumer proposal or take 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 Lavaltrie MNP LTD bankruptcy trustee is here to provide the guidance and support you need. Start today with a free confidential consultation.