BANKRUPTCY IN CASTOR, ALBERTA
Thinking about declaring bankruptcy in Castor? No matter the level of debt you have, your local MNP LTD. Licensed Insolvency Trustee can offer you solutions. We help thousands of Canadians overcome all types of financial difficulties, and we're here to help you too.
When you turn to your local MNP LTD. office in Red Deer, you'll discover a staff of dedicated, skilled and experienced professionals from the same community as you. Don’t let debt problems take control of your life. Call us today and get back on track.
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Could other debt alternatives provide relief?
A legal process that can help free you from most of your debt is filing for bankruptcy in Castor. It is regulated by the Bankruptcy and Insolvency Act. The first and most important step is to contact your
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.
We offer the most effective solution for your situation
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 your debt, it is possible for you to contact your current creditors directly and discuss a lesser interest rate or set up 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 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. We'll work together to create a plan that works best for you.