BANKRUPTCY TRUSTEE IN GADSBY, ALBERTA
Are you in search of a bankruptcy trustee in Gadsby? 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 can help you get through tough times by outlining all of your options and helping you choose the solution that's right for you.
At your nearby MNP LTD. office in Red Deer, you will be looked after by helpful, understanding professionals with extensive debt solution know-how. Their top priority is to help you put your finances back in order and do away with unruly debt. Contact us today if you're ready to take the reins on your financial future.
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Determining the right debt help solution for your needs
The goal of filing for bankruptcy is to reduce or free yourself from debt. It is governed 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. You might even find that viable alternatives to bankruptcy are available to you, such as making a consumer proposal.
When considering which debt solution to choose, ask yourself the following questions:
- 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's time to choose a bankruptcy trustee in Gadsby, you can find peace of mind knowing MNP LTD. will take you through the filing process step-by-step. You can also feel confident knowing we will go through any other solutions that you may be able to pursue. Together, we’ll guide you through the available options.