BANKRUPTCY TRUSTEE IN BOWDEN, ALBERTA
Do you need the help of a bankruptcy trustee in Bowden? At MNP LTD., we pride ourselves on helping thousands of Canadians each year overcome their financial troubles -- and we want to help you too. There's no situation too complex for us; so no matter how complex and impossible to fix you may think your financial troubles are, turn to us for a solution that works best for you.
Your local MNP LTD. office in Red Deer is your source for friendly, courteous, professionally-trained debt solution professionals. Their main goal is to assist you in gaining control of your finances and putting uncontrollable debt behind you. Contact us today and get ready for a brighter financial future.
There is 1 office near you
We will outline all of your options
The goal of filing for bankruptcy is to reduce or free yourself from debt. Bankruptcy is regulated by the Bankruptcy and Insolvency Act. To ensure you're making the best possible choice, a bankruptcy trustee will be happy to work with to review your options. You may find out that you have options other than filing for bankruptcy — making a consumer proposal, for example.
In order to determine the best solution for your financial situation, it's important to contemplate the following:
- Do you regularly spend more than you earn?
- Are you facing legal action (e.g. garnishment)?
- Do you use your credit card for everyday necessities?
- Are you at risk of having your credit card revoked?
- Have you been receiving collection letters or phone calls from your creditors?
- Are your financial struggles causing you stress?
If any of these questions ring true for you, it’s time to talk to our dedicated debt professionals.
The consumer proposal is a process that helps you pay off your entire debt or an agreed upon portion, either monthly or within a specific period of time (up to a maximum of 5 years).
Depending on the total amount of debt you may have, this is an option to speak with your creditors directly and arrange a lower interest rate or a repayment schedule that works for you.
Debt consolidation combines your debt into a single monthly repayment so that you can pay off multiple creditors.
Under the Orderly Payment of Debt (OPD) program the court will consolidate your loans and pay your unsecured creditors on your behalf at an interest rate of 5% per annum in three or more years.
When it comes to selecting a bankruptcy trustee in Bowden, you can expect MNP LTD. to be there for you throughout the filing process, every step of the way. You can also rest easy knowing that we’ll explore any other options that may be available to you. Together, we’ll guide you through the available options.