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DEBT ASSISTANCE AT MNP LTD IN MONTRÉAL, QUÉBEC

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. This is where MNP LTD steps in. Our Life-Changing Debt Solutions are intended to help you stop the cycle of debt once and for all. One of our Licensed Insolvency Trustees in Montréal will guide you in creating a personalized action plan that’s right for your situation. We empower you to get back on solid financial ground, so you can finally enjoy a debt-free life.

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Compare debt solutions with a Licensed Insolvency Trustee

One of our Licensed Insolvency Trustees in Montréal will carefully review all of the options that may work for you, including:

DEBT RELIEF

AT MNP LTD, we realize that no two financial situations are exactly the same. This is why one of our Licensed Insolvency Trustees will walk you through your options and help you decide on the right 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 will walk you through every step of the process, including preparing and filing all mandatory documents, informing your creditors, putting a stop to wage garnishments and helping avert any further legal action against you.

CONSUMER PROPOSAL

A consumer proposal is a formal, legally binding process that is administered by a Licensed Insolvency Trustee; together, you will develop a formal offer to your creditors to settle your unsecured debt over time (no more than five years). As an alternative to personal bankruptcy, a consumer proposal lets you keep assets that you might otherwise lose 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 only one debt payment to make each month, debt consolidation helps take the guesswork out of paying bills on time. As an accredited insolvency counsellor, your local MNP LTD Licensed Insolvency Trustee will explain all of your available options, so you can decide on the right path to take and start planning for 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 insolvency is a condition can lead to declaring bankruptcy, you may have other options to consider, such as a consumer proposal or other debt consolidation options.

When it comes to debt solutions, exploring your options is key. Your local MNP LTD bankruptcy trustee in Montréal 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. Start on the path to a debt-free future: get a free confidential consultation today.