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BANKRUPTCY IN COCHRANE, ALBERTA

Thinking about declaring bankruptcy in Cochrane? No matter the level of debt you have, your local MNP LTD. Licensed Insolvency Trustee can offer you solutions. Thousands of Canadians experience financial hardship every year, and for more than 50 years we have been there to help and provide solutions.

Our local MNP LTD. office in Calgary (Downtown) employs knowledgeable and courteous professionals that work and live in the same communities as you. Don’t let debt problems take control of your life. There are options -- discover them with MNP LTD. now.

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Could other debt alternatives provide relief?

A legal process, bankruptcy can help reduce the majority of your debts. 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 determine the right course of action, you'll need to 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.

Personal Insolvency Counselling

MNP offers permanent life-changing debt solutions to individuals struggling with an overwhelming amount of debt. Our trustees are here to help.

Get Started Now!

Call us today at 587-318-0700 or fill out our form to get a free consultation!

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How your situation can benefit from our solutions

Consumer Proposal

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).

Informal Debt Settlement

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

Debt consolidation consolidates your debt into a single monthly repayment  and allows you to repay multiple creditors.

Orderly Payment of Debt

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.

Often times, when individuals face financial problems their first instinct is declaring bankruptcy. Depending on your financial situation, more appropriate solutions may be available. Together, we can work out a solution that's best for you.

To learn more about declaring bankruptcy and other options provided by MNP LTD., call us at 587-318-0700 or submit our online form to ask for your FREE, private consultation.