BANKRUPTCY TRUSTEE IN CAROLINE, ALBERTA
Are you in search of a bankruptcy trustee in Caroline? MNP LTD. has helped numerous Canadians put their debt behind them — and we can help you, too. Regardless of the financial situation you find yourself in, we can help make the path to solvency possible by working with you to determine the solution that's right for you.
When you stop by your local MNP LTD. office in Red Deer, you will be greeted by friendly, experienced professionals with an in-depth knowledge of debt solutions. Their top priority is to help you put your finances back in order and do away with unruly debt. There's no better time to take charge of your financial future — contact us now.
There is 1 office near you
We can help you weigh your options
The aim of filing for bankruptcy is to reduce and eventually get rid of your debts. It is regulated by the Bankruptcy and Insolvency Act. First thing's first: you should get in contact with your local MNP LTD. bankruptcy trustee, who will review your financial situation and determine all available 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.
A consumer proposal allows you to make arrangements to pay some or all of your unsecured debts through monthly payments over a specified 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 consolidates your loans and pays your unsecured creditors in three or more years at an interest rate of 5% per annum.
If you're ready to speak with a bankruptcy trustee in Caroline, you can rest assured you're well on your way to receiving sound professional advice you can count on. You can also feel good knowing we will discuss any alternatives that may be on the table. Together, we can walk you through all your available options.