BANKRUPTCY IN BROOKS, ALBERTA
Considering declaring bankruptcy in Brooks? Start by turning to the trusted professionals at your local MNP LTD. to uncover the many options you may have. Every year, we help thousands of Canadians find trusted solutions for their financial problems, and we can help you too.
You’ll find a local MNP LTD. office in Brooks staffed by knowledgeable and highly experienced professionals who live and work in the same communities as you do. Don’t let debt control your financial future. There are options -- discover them with MNP LTD. now.
There is 1 office near you
Could other debt alternatives provide relief?
Bankruptcy is an entirely legal process and can be effective in reducing the majority of your debt. It is regulated by the Bankruptcy and Insolvency Act. The first and most important step is to contact your
To determine the best course of action, think about your current financial situation.
- Spending more than you earn?
- Facing legal action, such as garnishment?
- Using credit cards for necessities?
- At risk of losing credit card privileges?
- Receiving harassing collection letters or phone calls?
- Stressed out due to financial problems?
If this sounds like you and you are experiencing some or all of the above, contact us today.
Our debt solutions are personalized
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 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 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 many people experience debt problems often, their first thoughts are declaring bankruptcy. There are of course many alternatives that may be more suitable for your situation. Together, we can work out a solution that's best for you.