BANKRUPTCY TRUSTEE IN SYLVAN LAKE, ALBERTA
Looking to find a bankruptcy trustee in Sylvan Lake? MNP LTD. assists thousands of Canadians on an annual basis, helping them overcome their struggles with debt. 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 your local MNP LTD. office in Red Deer, you can expect considerate, personalized service from highly-trained debt solution professionals. Their top priority is to help you put your finances back in order and do away with unruly debt. There's no better time to take charge of your financial future — contact us now.
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Determining the right debt help solution for your needs
The process of filing for bankruptcy is designed to reduce or eliminate most of your debts. It is governed by the Bankruptcy and Insolvency Act. Before you begin, you should visit your local MNP LTD. bankruptcy trustee, who will evaluate your situation and walk you through all available options. Alternatives to bankruptcy may be available to you, in which can you can assess your options before deciding to go bankrupt or not.
When evaluating your options, take the following into consideration:
- 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.
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 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 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 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 Sylvan Lake, you can rest assured that MNP LTD. is here to guide you through the filing process from start to finish. You can also rest easy knowing that we’ll explore any other options that may be available to you. With our help, we can walk you through all your available options.