If you’re looking to break free of personal debt once and for all, we can help. We provide debt and bankruptcy solutions that are life-changing and permanent, so you can erase debt from your life.
Debt can be overwhelming. For that reason, our Licensed Insolvency Trustees are always here for you. let’s discuss the options available to you. Your debt-free future starts now.
A consumer proposal could be the solution that changes your life.
Debt can be overwhelming. When you are racing to keep up with your debt payments but you end up going nowhere, it can feel as though you are on a debt treadmill when the amount of debt you owe never seems to go down. If you are only paying interest on a line of credit or just the minimum payments on your credit cards, there will be no end in sight. Have you checked your credit card statement where it tells you how long it will take to pay off your debt? If you’re only paying the minimum payment, that number could be 20 years or more. Here are a few examples of why that could be a big problem:
The good news is, you can get off the treadmill and assess options that will help you work towards becoming debt free so that you can stop worrying and get back to living.
Here is how a consumer proposal could be a solution for youA consumer proposal is an agreement with your creditors to freeze the interest charges, lower the amount of debt to a level you can afford and consolidate the debts into one monthly payment up to a maximum of five years. To start the process, you meet with a professional Trustee. They will make a complete assessment of your situation so that an appropriate and manageable consumer proposal can be drafted. Ultimately, the consumer proposal will be tailored to you, taking into account your personal situation.
Once a consumer proposal has been accepted by your creditors, you will be able to see the light at the end of tunnel. For every $1 you pay into the consumer proposal, your debt goes down by $1. Debt will now be removed as a roadblock to your future as you are on way to financial freedom. Relief can come in different ways:
The best part is of filing a consumer proposal, is knowing that you are no longer on the treadmill and are now moving forward towards a fresh financial start.
David Gowling is a Bankruptcy Trustee within our Hamilton location. To learn more about how MNP Debt can help you, contact any of our local offices at:
Hamilton (Downtown)200-4 Hughson St S, Hamilton, ON, L8N 3Z1T: 905.529.3328
Hamilton (Mountain)1030 Upper James Street, Suite 402, Hamilton, ON, L9C 3A6T: 905.529.3328
Hamilton (Centre Mall)1184 Barton Street East, Hamilton, ON, L8H 2V7T: 905.529.3328
Our team of Licensed Insolvency Trustees will help you
explore the debt relief options available to you and
together we will find the solution that best fits your
situation. Set up your FREE, no obligation consultation
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*310-DEBT doesn’t operate in MB, NW ON and QC.
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