BANKRUPTCY IN DUCHESS, ALBERTA
Considering declaring bankruptcy in Duchess? Start by turning to the trusted professionals at your local MNP LTD. to uncover the many options you may have. Every year, thousands of Canadians turn to us to help them get through various types of financial difficulties -- and you can rely on us too.
Our local MNP LTD. office in Brooks employs knowledgeable and courteous professionals that work and live in the same communities as you. Don’t let debt control your financial future. You have options; discover them with MNP LTD. today.
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What is your best course of action?
Bankruptcy is an entirely legal process and can be effective in reducing the majority of your debt. It is regulated by the Bankruptcy and Insolvency Act. The first and most important step is to contact your
To determine the best course of action, 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 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 consolidates your debt into a single monthly repayment and allows you to repay 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.
When many people experience debt problems often, their first thoughts are 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.