MNP Limited Grand Falls, NL Licensed Insolvency Trustee

Have you been so busy repaying debts that you barely have anything left for your daily expenses?

Are you forced to use your credit card for the bare necessities of life?

Have you reached your bank’s borrowing limit?

Do you fear that all those calls/collection letters from your creditors will result in them taking legal action against you?

MNP Limited Grand Falls, NL Licensed Insolvency Trustee

214 Lincoln Rd
Grand Falls, NL A2A 1P8
Phone: 709-400-2324

Free Confidential Insolvency Evaluation

If your response to the above questions is yes, then you will benefit from filing for bankruptcy with the guidance of a Licensed Insolvency Trustee who can administer the proceedings as per the Bankruptcy and Insolvency Act in Canada.

Role of a Licensed Insolvency Trustee

In Canada, you can only file for bankruptcy through a Licensed Insolvency Trustee who has been sanctioned by the Office of the Superintendent of Bankruptcy. A Licensed Insolvency Trustee performs several functions that are crucial to aiding you with debt relief. These functions include:

  • Reviewing your current finances in terms of your assets, debts, income, and budget to decide upon the best debt solution for you
  • Offering you alternative debt solutions such as consumer proposals, debt consolidation, debt settlement, and credit counselling if bankruptcy isn’t the right option for you
  • Informing you about which debts will be eliminated when you apply for bankruptcy and which ones will survive the bankruptcy as well as what assets you can keep and what assets you will lose if you file for bankruptcy
  • Initiating the process of bankruptcy by filing the official paperwork needed with the Office of the Superintendent of Bankruptcy
  • Notifying your creditors to start the settlement of claims and dealing with them directly so that you’re protected from any legal action as well as relieved of their phone calls and collection letters
  • Informing you of your duties during the bankruptcy process
  • Collecting payments for you, calculating all surplus income payments, and selling assets that you lose during the bankruptcy to give your creditors the funds arising from such sales
  • Clarifying all your doubts regarding the bankruptcy process and ensuring that you’re not left in the dark about anything relating to the bankruptcy

Grand Falls, NL Licensed Insolvency Trustee services

You’ll want to work with an experienced Licensed Insolvency Trustee if you’re seeking debt assistance in Grand Falls, NL.

MNP Limited is a Licensed Insolvency Trustee with Z years of experience in assisting clients with debt solutions.

To get started, book a free consultation and be prepared to part with your financial worries.