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Receivership is a remedy available to secured creditors to recover their debt. A receiver is a person appointed by a secured creditor or by the court to take control of a company’s assets, sell them, and repay the creditor.
Rebuilding your credit is essential after financial difficulties such as bankruptcy or insolvency. It helps you regain access to financial products and demonstrates financial responsibility to lenders.
Bankruptcy is a legal process designed to help individuals or businesses eliminate their debts when they are unable to repay them. Filing for bankruptcy provides a fresh financial start but also has significant consequences.
The people that I dealt with at MNP were awesome, understanding and extremely compassionate. I was so ashamed, scared and very nervous about this whole situation but was made to feel very comfortable and everything was explained to me. If it wasn't for MNP I honestly don't know where I would be today. Thank you so much for your knowledge, expertise and helping me get back on track and getting my confidence back.
When I started applying for bankruptcy I was so nervous, afraid and so stressed. I cried so many times and so ashamed. Especially ashamed when I was told I should not keep on spending using the credit card because it is not my money, after I told them that I make payment then use the credit card to buy groceries again until to the maximum available. But when the bankruptcy was approved finding out that I have to pay a specific amount per month...

Michelle Scheller
CIRP, LIT
Senior Vice President
Servicing Saskatoon and 4 other locations
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