BANKRUPTCY TRUSTEE IN REDCLIFF, ALBERTA
Are you in search of a bankruptcy trustee in Redcliff? Each year, MNP LTD. works with thousands of Canadians to help them manage their financial troubles. We're here to help you through your financial situation, no matter how complex or impossible you may think it to be.
When you visit MNP LTD., you'll discover a team of considerate professionals ready to provide you with the personalized help you need to regain your financial stability. They're committed to helping you get your finances back on track —and to making debt a thing of the past. Contact us today if you're ready to take the reins on your financial future.
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Find out which debt help solutions are available to you
When it comes to filing for bankruptcy, the goal is to lessen or eliminate most or all of your debts. 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. Alternatives to bankruptcy may be available to you, in which can you can assess your options before deciding to go bankrupt or not.
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 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 combines your debt into a single monthly repayment so that you can pay off 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 Redcliff, then you're already on your way to gaining the helpful and professional advice from MNP LTD. You can also feel confident knowing we will go through any other solutions that you may be able to pursue. With our help, we can ensure all your options have been assessed.