BANKRUPTCY TRUSTEE IN PENHOLD, ALBERTA
Are you in search of a bankruptcy trustee in Penhold? MNP LTD. has helped numerous Canadians put their debt behind them — and we can help you, too. If the path to solvency seems out of reach, you can count on us for reasonable, suitable solutions.
At your nearest MNP LTD. location in Red Deer, you'll find respectful, approachable professionals equipped with debt solution know-how. Their top priority is to help you put your finances back in order and do away with unruly debt. Call us today to get started on regaining your financial stability.
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Determining the right debt help solution for your needs
The aim of filing for bankruptcy is to reduce and eventually get rid of your debts. It is governed by the Bankruptcy and Insolvency Act. To ensure you're making the best possible choice, a bankruptcy trustee will be happy to work with to review your options. You may find out that you have options other than filing for bankruptcy — making a consumer proposal, for example.
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.
We're here for you
A consumer proposal allows you to make arrangements to pay some or all of your unsecured debts through monthly payments over a specified 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 consolidates your debt into a single monthly repayment and allows you to repay multiple creditors.
With the Orderly Payment of Debt (OPD) program, the court will merge your loans and pay — in three or more years — your unsecured debt on your behalf at a 5% yearly interest rate.
For a bankruptcy trustee in Penhold you can depend on, turn to MNP LTD.; our professionals will guide you through the filing process from beginning to end. We will also help you consider and assess any other solutions that may be available to you. With our help, we can ensure all your options have been assessed.