Filing for Bankruptcy in Irvine, Alberta
Considering declaring bankruptcy in Irvine? No matter how bad or overwhelming your debt might seem, there are always solutions - and your MNP LTD. Licensed Insolvency Trustee can help. 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 Medicine Hat has informative and highly recommended professionals with experience in filing for bankruptcy who work and live in your area. Debt problems shouldn't control your life. Contact us now and regain control of your life.
There is 1 office near you
Should you be looking into other debt solutions?
When it comes to freeing yourself from debt legally, you can choose to file for bankruptcy in Irvine. It is regulated by the Bankruptcy and Insolvency Act. The first thing to do is to speak with your local MNP LTD. Licensed Insolvency Trustee to determine your best course of action. Many times, after hearing of other options available, people have realized declaring bankruptcy wasn't their best choice.
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 the amount of debt you have, it may be possible for you to contact your creditors directly and negotiate a lower interest rate or a repayment schedule that works for you.
Debt consolidation combines your debt into a single monthly repayment so that you can pay off 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.
The first thought people have when confronted with debt problems is filing forbankruptcy. You may be interested to learn that there may be more suitable solutions to your situation that you may not yet have considered. Together, we can work out a solution that's best for you.