BANKRUPTCY TRUSTEE IN PEACE RIVER, ALBERTA
Do you need to find a bankruptcy trustee in Peace River? When faced with debt, thousands of Canadians have turned to MNP LTD. for the trusted help they need. 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.
Your local MNP LTD. office in Peace River is your source for friendly, courteous, professionally-trained debt solution professionals. Our goal is to provide you with expert advice to help you make debt a thing of the past. Get in touch with us today if you feel it’s time to take charge of your financial future.
There is 1 office near you
We can help you weigh your options
The bankruptcy-filing process helps give individuals experiencing financial troubles a fresh financial start. It is governed by the Bankruptcy and Insolvency Act. Before beginning, your first step should be to contact your local MNP LTD. bankruptcy trustee, who will assess your situation and outline the paths that can be taken. Alternatives to bankruptcy may be presented to you, in which case you can weigh your options before making a decision.
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 consolidates your debt into a single monthly repayment and allows you to repay 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 Peace River, then you're already on your way to gaining the helpful and professional advice from MNP LTD. We will also help you consider and assess any other solutions that may be available to you. With our help, we can walk you through all your available options.