BANKRUPTCY TRUSTEE IN DEVON, ALBERTA
Do you need the help of a bankruptcy trustee in Devon? Every year, MNP LTD. helps thousands of Canadians find a viable way out of debt. We understand that unfavourable financial situations can arise for a number of different reasons; we also recognize that solvency is possible through tailored solutions.
When you visit the MNP LTD. office nearest you, you can expect attentive service from professionals who are leaders in their field. They're committed to helping you get your finances back on track —and to making debt a thing of the past. So if you're ready to tackle your financial stresses head-on, get in touch with MNP LTD. now.
There is 1 office near you
You may be eligible for a range of debt help solutions
The goal of filing for bankruptcy is to reduce or free yourself from debt. The Bankruptcy and Insolvency Act regulates the law on bankruptcy. 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. 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 make arrangements to pay the majority or a partial amount of your unsecured debt through monthly payment over a specific time frame (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 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 consolidates your loans and pays your unsecured creditors in three or more years at an interest rate of 5% per annum.
When it comes to selecting a bankruptcy trustee in Devon, you can expect MNP LTD. to be there for you throughout the filing process, every step of the way. You can also trust that we will explore any other paths that you may be able to take. With our help, we can ensure all your options have been assessed.