MNP Limited, 902-200-3008
6080 Young Street, Young Tower Suite 912, Halifax, NS B3K 5L2
A looming debt burden is not something you should ignore at all.
The penalties, late fees and interest can add up tremendously at a fast pace and make the situation unmanageable.
If this does happen, and you are not in a position to repay the debts in full with your income and savings, then you are forced to look for a solution.
Bankruptcy is a viable solution for those who are belabouring under massive debt, a solution that allows you to eliminate debts and start afresh.
A consumer proposal could also be a viable way to get out of debt, while also avoiding bankruptcy!
But this is not a decision that you should take without completely understanding its implications.
MNP Limited Halifax, NS Licensed Insolvency Trustee
MNP Limited Halifax Debt Help
There are many crucial aspects to understand about bankruptcy before you start with the filing process.
Going ahead without proper guidance can prevent you from getting the maximum advantage as made possible by law.
There is also a risk that you would lose more assets than you need to.
For example, if you have a lot of equity built up in your home, you may lose it in bankruptcy proceedings as your trustee liquidates the property to pay back your creditors.
However, this can be prevented.
You need an expert to gauge if your asset is under risk of being taken over in this manner and if so, what you can do to prevent this from happening.
There are also many nuances to understand.
Bankruptcy does not eliminate all your debts; your secured ones are usually still your responsibility to pay off.
If the majority of your debts are secure, then this is one factor that you should think about seriously when considering if this is indeed the right solution for you.
But for a lay person, gathering knowledge about the various nuances of complex bankruptcy law, understanding them, comprehending how they apply upon you- all of this is a mind boggling, near impossible task.
What you need at this crucial time in your life is an expert who is committed to ensuring that you get the best of the bankruptcy laws’ benefits.
Our MNP Limited Halifax, NS Licensed Insolvency Trustee is just the ally you need, with the right experience, training and qualifications to help you through bankruptcy.
Our goal is to ensure that you get your discharge as quickly as possible while the adverse impact of bankruptcy filing is minimized upon you and your assets.
Take the first step toward freedom from your debts and a fresh financial start today by booking your appointment for a free consultation with MNP Limited.