BANKRUPTCY IN BURDETT, ALBERTA
Considering declaring bankruptcy in Burdett? No matter how bad or overwhelming your debt might seem, there are always solutions - and your MNP LTD. Licensed Insolvency Trustee can help. Thousands of Canadians experience financial hardship every year, and for more than 50 years we have been there to help and provide solutions.
Your local MNP LTD. is staffed with dedicated professionals who are a part of and familiar with your community. Don’t let debt problems take control of your life. You have options; discover them with MNP LTD. today.
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Should you be looking into other debt solutions?
When it comes to freeing yourself from debt legally, you can choose to file for bankruptcy in Burdett. It is regulated by the Bankruptcy and Insolvency Act. First things first, get in touch with your local MNP LTD. to learn about the options that are available to you. In many cases, after discussing the situation with an expert, people find that there are better debt options than declaring bankruptcy.
To find out what is best for you, 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.
How your situation can benefit from our solutions
The consumer proposal is a simple process that allows you to make arrangements to pay all, or part, 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 allows you to pull all your debt into one primary monthly repayment which can be repaid to multiple creditors.
Under this program, the court will combine your loans and pay your unsecured debts on your behalf at a 5% per annum interest rate in three or more years.
Most people feel that with their debt piling up, declaring bankruptcy is the best course of action. 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.