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.
Many individuals are researching and seeking out what debt relief options available to them. The demographics are not limited to one group. It may be a student looking for a career, a family trying to meet the rising costs of living or a senior living on a fixed income. The good news is there are solutions available. It’s time to take charge.
The first step is to assess your household expenses. It is tough to develop a solution if you don’t know your starting point. Keep track of your monthly income and expenses to see where changes can be made. Once this is defined, you will be in a better position to determine what is available for debt payments after your basic monthly living expenses are met.
There are different types of debt and one blanket solution will not cover them all, for example:
We encourage you to seek professional advice. A Licensed Trustee in Insolvency and Restructuring will be able to help assess your situation and suggest possible options, which may or may not include a formal proceeding in the form of a settlement offer to creditors known as a consumer proposal or bankruptcy. There is no cost for the initial consultation which can often put your situation in perspective from a fresh point of view. This meeting may identify solutions that you can negotiate on your own and may include the following:
You may consider selling possessions to reduce your debt load. Take an inventory of your possessions. Is there anything you are willing to part with that could bring in some needed funds? If you don’t have the ability to increase your income or decrease your expenses, this could be a feasible option in order to provide some relief.
Reviewing your financial situation and trying to work through all the options on your own often becomes a daunting task. If these options are not going to provide you with long term debt relief or if you wish to speak to someone, there is help available. Seek out professional advice from a Licensed Trustee who will take the time with you and review all the formal and non-formal debt relief options and how each will impact you. There is a solution. The key is in determining which one is the best for you.
Michelle Scheller is a Bankruptcy Trustee within our
Saskatoon location. To learn more about how MNP Debt can help you, contact our local office at 306.664.8334
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
MNP is committed to protecting your
privacy. We promise to keep all of the information you share
with us confidential.
*310-DEBT doesn’t operate in MB, NW ON and QC.
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