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DEBT ASSISTANCE AT MNP LTD IN VERDUN, QUÉBEC

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. 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 Verdun will work one-on-one with you to develop a personalized plan that works best for your unique circumstances. We empower you to take control of your finances, so you can plan for a debt-free future.

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

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

DEBT RELIEF

At MNP LTD, we are mindful that every situation is unique. 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. With us, you can expect the discreet guidance and unbiased advice you need to erase debt from your life.

BANKRUPTCY

The structured, formal process of declaring bankruptcy is intended to give individuals a fresh financial start. One of our local Licensed Insolvency Trustees will guide you through every step of the process, including the preparation and filing of all mandatory paperwork, notifying creditors, stopping wage garnishments and helping avert any 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

If you qualify for a debt consolidation loan, all of your debts will be combined into one monthly payment, generally 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. Your local MNP LTD Licensed Insolvency Trustee is an accredited insolvency counsellor who will walk you through your options, so you can embark on the right path to a debt-free future.

INSOLVENCY

Sometimes mistaken as interchangeable terms, insolvency and bankruptcy mean two different things: bankruptcy is defined as a legal process, whereas insolvency is a financial state where a person is unable to pay back creditors 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.

Debt solutions aren’t one-size-fits-all, which is why it’s essential to get educated about your options. Your local MNP LTD bankruptcy trustee in Verdun is here to provide all the guidance and support you need, from explaining the key differences between a consumer proposal and bankruptcy to outlining the process of consolidating credit. Start on the path to a debt-free future: get a free confidential consultation today.