BANKRUPTCY IN COALDALE, ALBERTA
Thinking about declaring bankruptcy in Coaldale? Speak to your local MNP LTD., where you'll discover a range of solutions. Year after year, we help thousands of Canadians just like you break free from financial hardship.
You’ll find a local MNP LTD. office in Lethbridge staffed by knowledgeable and highly experienced professionals who live and work in the same communities as you do. Don’t allow debt to consume your life. There are options -- discover them with MNP LTD. now.
There is 1 office near you
Could other debt alternatives provide relief?
When it comes to freeing yourself from debt legally, you can choose to file for bankruptcy in Coaldale. It is regulated by the Bankruptcy and Insolvency Act. First, you must contact your nearest MNP LTD. Licensed Insolvency Trustee, who will go over and explain your options based on your overall financial situation. In many cases, people find declaring Bankruptcy is not required for their financial situation; instead, they follow one of the alternative solutions we offer.
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 process that helps you make arrangements to pay the majority or a partial amount of your unsecured debt through monthly payment over a specific time frame (up to a maximum of 5 years).
Depending on the total amount of debt you may have, this is an option to speak with your creditors directly and arrange 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.
With the Orderly Payment of Debt (OPD) program, the court will merge your loans and pay — in three or more years — your unsecured debt on your behalf at a 5% yearly interest rate.
Most people feel that with their debt piling up, declaring bankruptcy is the best course of action. Depending on your financial situation, more appropriate solutions may be available. We'll work together to create a plan that works best for you.