BANKRUPTCY TRUSTEE IN REDWATER, ALBERTA
Are you in need of a bankruptcy trustee in Redwater? MNP LTD. assists thousands of Canadians on an annual basis, helping them overcome their struggles with debt. 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.
Your local MNP LTD. office in Edmonton (North East) is your source for friendly, courteous, professionally-trained debt solution professionals. Their main goal is to assist you in gaining control of your finances and putting uncontrollable debt behind you. 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 will outline all of your options
The goal of filing for bankruptcy is to reduce or free yourself from debt. The Bankruptcy and Insolvency Act regulates the law on bankruptcy. The first step should be to speak with your local MNP LTD. bankruptcy trustee, who will take a look at your situation and go over the paths you could take. You may find out that you have options other than filing for bankruptcy — making a consumer proposal, for example.
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 right solutions
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 how much debt you’ve accumulated, you may have the option to contact your creditors directly and discuss a lower interest rate or a repayment schedule that suits your situation.
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.
When it's time to choose a bankruptcy trustee in Redwater, 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.