BANKRUPTCY TRUSTEE IN LAKE COWICHAN, BRITISH COLUMBIA
Looking to find a bankruptcy trustee in Lake Cowichan? 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.
Your local MNP LTD. office in Duncan is your source for friendly, courteous, professionally-trained debt solution professionals. They are dedicated to making sure your finances are back in your control — and that debt troubles are no longer an issue. Call us today to get started on regaining your financial stability.
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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. Bankruptcy is regulated by the Bankruptcy and Insolvency Act. Before beginning, your first step should be to contact your local MNP LTD. bankruptcy trustee, who will assess your situation and outline the paths that can be taken. You may find out that you have options other than filing for bankruptcy — making a consumer proposal, for example.
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.
The consumer proposal simply allows you to make arrangements to pay all — or part — of your unsecured debts through monthly payments over a defined period of time (up to a 5-year maximum).
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.
With debt consolidation, you’ll be able to combine all your debt into one monthly repayment, which will allow you to repay multiple creditors.
When it's time to choose a bankruptcy trustee in Lake Cowichan, 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.