BANKRUPTCY TRUSTEE IN PONOKA, ALBERTA
Are you in need of a bankruptcy trustee in Ponoka? MNP LTD. has helped numerous Canadians put their debt behind them — and we can help you, too. Regardless of the financial situation you find yourself in, we can help make the path to solvency possible by working with you to determine 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. Our goal is to provide you with expert advice to help you make debt a thing of the past. Take charge today by giving us a call, and we'll help you regain the financial stability you deserve
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Find out which debt help solutions are available to you
The aim of filing for bankruptcy is to reduce and eventually get rid of your debts. Bankruptcy 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. Alternatives to bankruptcy may be presented to you, in which case you can weigh your options before making a decision.
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 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 debt you have, it may be possible for you to contact your creditors directly and negotiate a lower interest rate or 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 will consolidate your loans and pay your unsecured creditors on your behalf at an interest rate of 5% per annum in three or more years.
When it comes to choosing a bankruptcy trustee in Ponoka, you can rest assured that MNP LTD. is here to guide you through the filing process from start to finish. You can also feel good knowing we will discuss any alternatives that may be on the table. With our help, we can ensure all your options have been assessed.