BANKRUPTCY TRUSTEE IN BOWDEN, ALBERTA
Do you require a bankruptcy trustee in Bowden? Each year, MNP LTD. works with thousands of Canadians to help them manage their financial troubles. If the path to solvency seems out of reach, you can count on us for reasonable, suitable solutions.
At your nearby MNP LTD. office in Red Deer, you will be looked after by helpful, understanding professionals with extensive debt solution know-how. They're committed to helping you get your finances back on track —and to making debt a thing of the past. Get in touch with us today if you feel it’s time to take charge of your financial future.
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Determining the right debt help solution for your needs
The bankruptcy-filing process helps give individuals experiencing financial troubles a fresh financial start. In Canada, bankruptcy is regulated by the Bankruptcy and Insolvency Act. Before you begin, you should visit your local MNP LTD. bankruptcy trustee, who will evaluate your situation and walk you through all available options. Alternatives to bankruptcy may be presented to you, in which case you can weigh your options before making a decision.
The following should be taken into account when considering the debt solutions available to you:
- 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 how much debt you’ve accumulated, you may have the option to contact your creditors directly and discuss a lower interest rate or a repayment schedule that suits your situation.
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's time to choose a bankruptcy trustee in Bowden, you can find peace of mind knowing MNP LTD. will take you through the filing process step-by-step. You can also feel good knowing we will discuss any alternatives that may be on the table. With our help, we can ensure all your options have been assessed.