Filing for Bankruptcy in Cold Lake, Alberta
Thinking about declaring bankruptcy in Cold Lake? 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.
Our local MNP LTD. office in Cold Lake employs knowledgeable and courteous professionals with experience in filing for bankruptcy that work and live in the same communities as you. Debt problems shouldn't control your life. You have options; discover them with MNP LTD. today.
There is 1 office near you
Should you be looking into other debt solutions?
A legal process that can help free you from most of your debt is filing for bankruptcy in Cold Lake. 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 the majority of cases, people discover that declaring bankruptcy is not required, but instead follow one of the alternative remedies we provide.
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 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 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.
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, filing for 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.