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DEBT ASSISTANCE AT MNP LTD IN PLESSISVILLE, QUÉBEC

If you’ve been stuck in the cycle of debt for a while — and fast fixes are only adding to your debts — it may be time to think about a more permanent approach. This is where MNP LTD steps in. We provide Life-Changing Debt Solutions that are focused on helping your erase personal debt for good. One of our Licensed Insolvency Trustees in Plessisville will guide you in creating a personalized action plan that’s right for your situation. We’re here to provide the guidance you need to take control of your finances and prepare for a debt-free future.

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Navigate your options with our Licensed Insolvency Trustees

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

DEBT RELIEF

At MNP LTD, we recognize that every debt challenge is different. That’s why you’ll work closely with one of our Licensed Insolvency Trustees, who will walk you through your options and help you select the best course of action for your situation. With us, you can expect the discreet guidance and unbiased advice you need to erase debt from your life.

BANKRUPTCY

Declaring bankruptcy is a structured, formal process designed to provide you with a fresh financial start. The process will be led by a Licensed Insolvency Trustee who will assist you at every step, from preparing and filing all mandatory documents to alerting creditors, halting wage garnishments and helping stop further legal action against you.

CONSUMER PROPOSAL

Filed under the guidance of a Licensed Insolvency Trustee, a consumer proposal allows you to develop and negotiate a formal agreement between you and your creditors in which you will pay back a portion of your debts over time, up to a five-year maximum term. 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 combines all of your debts into a single monthly payment, typically at a lower interest rate than your credit card debt. Because you only have one monthly debt payment to keep track of, debt consolidation helps take the guesswork out of paying bills and can make budgeting easier. As Licensed Insolvency Trustees, we are accredited insolvency counsellors who will guide you through your options, so you can choose the best path to a debt-free future.

INSOLVENCY

Not to be confused with bankruptcy, which is a legal process, insolvency is a financial state in which an individual cannot meet debt payments 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. Whether you’re trying to understand the difference between bankruptcy and a consumer proposal or you want to learn more about the process of consolidating credit, your local MNP LTD bankruptcy trustee in Plessisville is here to help every step of the way. A debt-free future awaits: request a free confidential consultation today.