BANKRUPTCY TRUSTEE IN COLD LAKE, ALBERTA
Are you in search of a bankruptcy trustee in Cold Lake? Every year, MNP LTD. helps thousands of Canadians find a viable way out of debt. We can help you get through tough times by outlining all of your options and helping you choose the solution that's right for you.
When you stop by your local MNP LTD. office in Cold Lake, 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. Get in touch with us today if you feel it’s time to take charge of your financial future.
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Let us help you evaluate your options
The aim of filing for bankruptcy is to reduce and eventually get rid of your debts. Bankruptcy is regulated by the Bankruptcy and Insolvency Act. Your initial step should be to get in touch with your local MNP LTD. bankruptcy trustee, who will review your situation and outline your options. It could even be the case that you have viable alternatives to bankruptcy, such as making a consumer proposal.
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 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 amount of your debt, it is possible for you to contact your current creditors directly and discuss a lesser interest rate or set up a repayment schedule that works for you.
Debt consolidation allows you to pull all your debt into one primary monthly repayment which can be repaid to multiple creditors.
Under this program, the court will combine your loans and pay your unsecured debts on your behalf at a 5% per annum interest rate in three or more years.
When it comes to choosing a bankruptcy trustee in Cold Lake, you can rest assured that MNP LTD. is here to guide you through the filing process from start to finish. You can also feel confident knowing we will go through any other solutions that you may be able to pursue. Together, we can walk you through all your available options.