BANKRUPTCY IN LEDUC, ALBERTA
Thinking about declaring bankruptcy in Leduc? No matter the level of debt you have, your local MNP LTD. Licensed Insolvency Trustee can offer you solutions. Every year, we help thousands of Canadians work through financial difficulties at all levels and we can help you too.
Our local MNP LTD. office in Leduc employs knowledgeable and courteous professionals that work and live in the same communities as you. Don’t let your debt troubles get out of control. Contact us today and regain control of your finances.
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Is it time to consider other debt help options?
When it comes to freeing yourself from debt legally, you can choose to file for bankruptcy in Leduc. It is regulated by the Bankruptcy and Insolvency Act. First things first, get in touch with your local MNP LTD. to learn about the options that are available to you. In the majority of cases, after hearing the alternatives we have to offer, most people find that alternatives to declaring bankruptcy work better for their particular situation.
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.
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 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 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.
Those who are met with financial problems often think that declaring bankruptcy is their only option. 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.