BANKRUPTCY TRUSTEE IN YOUNGSTOWN, ALBERTA
Are you in search of a bankruptcy trustee in Youngstown? Every year, MNP LTD. helps thousands of Canadians find a viable way out of debt. We understand that unfavourable financial situations can arise for a number of different reasons; we also recognize that solvency is possible through tailored solutions.
Turn to your local MNP LTD. for our highly customized solutions, and you'll soon understand why Canadians have been turning to us for more than 50 years. Their number one priority is to help you take control of your finances and leave unmanageable debt in the past. Get in touch with us today if you feel it’s time to take charge of your financial future.
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Find out which debt help solutions are available to you
The process of filing for bankruptcy is designed to reduce or eliminate most of your debts. It is regulated 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. You might even find that viable alternatives to bankruptcy are available to you, such as making a consumer proposal.
In order to arrive at the best remedy for your particular financial situation, it’s important to consider 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 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 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.
When you're ready to speak with a bankruptcy trustee in Youngstown, you can rest easy knowing the professionals at MNP LTD. are here to walk you through every step of the filing process. You can also be sure that we will review any alternatives that you may qualify for. Together, we’ll guide you through the available options.