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.
In today’s economic climate, it’s not surprising to learn that Canadians are carrying consumer debt at an all-time high. If you find yourself struggling to make it from one debt payment to the next, staying out of the red can start to feel impossible. Many people in this situation automatically assume the only option available to them is bankruptcy. While this is certainly a viable debt solution for people in financial distress, it’s not the only one. Taking the time to evaluate all of the debt solutions available to you will empower you to choose a route that best suits your needs while allowing you to work towards achieving a fresh start. For instance, let’s consider debt consolidation.
Debt consolidation is one of the most frequently used debt management solutions. Utilized by individuals, companies and governments alike, it is a debt management tool used for both minimal and extreme cases of accrued debt. For individuals, the benefit is to pay off one or several debts with a new debt that is easier to manage and often less expensive due to a lower interest rate or more feasible payment conditions. It may also involve giving the consolidating creditor security on an asset.
Here are different types of consolidation examples:
Consider reaching out to your banker or mortgage broker when things are good to see how you can set aside more money for the future, reduce your debt and keep a good credit rating.
When things are not going well, an honest conversation with your financial institution is a good place to start before you start missing payments and heading towards financial distress. If you are not approved for debt consolidation, a Consumer Proposal might be a realistic debt solution for you.
A Licensed Insolvency Trustee at MNP can guide you through the process of making a mutually agreeable offer to your creditors while also providing protection from collections and any legal action against you. A Consumer Proposal would allow you to make a single monthly, or lump sum payment towards your debt, allowing you to achieve financial freedom in five years or less, while protecting your assets and helping you build towards your long-term financial goals.
Contact your local MNP Trustee today for a free, no-obligation consultation.
Yves Patrice Beaudin is a Bankruptcy Trustee within our Montreal location. To learn more about how MNP Debt can help you, contact any of our local offices at:
Montréal (Peel Metro Station)
1155, boul. René-Lévesque O., 19e étage,
Montréal, QC, H3B 2J8
4400, boul. Lasalle,
Verdun, QC, H4G 2A2
4059, rue Hochelaga, bureau 202,
Montréal, QC, H1W 1K4
Montréal (Cadillac Metro Station)
6070, rue Sherbrooke Est, bureau 206,
Montréal, QC, H1N 1C1
5651, boul. Henri-Bourassa Est, bureau 2,
Montréal-Nord, QC, H1G 2T4
500, boul. Saint-Jean-Baptiste, bureau 200,
Pointe-aux-Trembles, QC, H1B 3Z7
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.
Contact a Trustee
Find a local Office