BANKRUPTCY TRUSTEE IN COCHRANE, ALBERTA
Are you in search of a bankruptcy trustee in Cochrane, to help you through a tough financial situation? You're not alone: each year, thousands of Canadians find themselves facing financial trouble, which is why they turn to MNP LTD. for help. We're here to help you through your financial situation, no matter how complex or impossible you may think it to be.
When you visit MNP LTD., you'll discover a team of considerate professionals ready to provide you with the personalized help you need to regain your financial stability. They make it their mission to help ensure you regain control of your finances and leave debt problems behind you. Call us today to get started on regaining your financial stability.
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Find out which debt help solutions are available to you
When it comes to filing for bankruptcy, the goal is to lessen or eliminate most or all of your debts. It is governed 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. Alternatives to bankruptcy may be available to you, in which can you can assess your options before deciding to go bankrupt or not.
The following should be considered when determining best solution to your financial troubles:
- 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 guidance you need
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 gathers your debt into a single monthly repayment so that you can repay multiple creditors through one monthly payment.
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 choosing a bankruptcy trustee in Cochrane, you can rest assured that MNP LTD. is here to guide you through the filing process from start to finish. You can also be sure that we will review any alternatives that you may qualify for. Together, we’ll guide you through the available options.