Filing for Bankruptcy in Magrath, Alberta
Considering declaring bankruptcy in Magrath? Start by turning to the trusted professionals at your local MNP LTD. to uncover the many options you may have. Year after year, we help thousands of Canadians just like you break free from financial hardship.
Our local MNP LTD. office in Lethbridge has informative and highly recommended professionals with experience in filing for bankruptcy who work and live in your area. Don’t let your debt troubles get out of control. Call or click to contact us today to discuss available debt solutions.
There is 1 office near you
Is it time to consider other debt help options?
Filing for 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 how to handle your debt effectively, 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.
Our debt solutions are personalized
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).
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 consolidates your debt into a single monthly repayment and allows you to repay multiple creditors.
Under the Orderly Payment of Debt (OPD) program the court will consolidate your loans and pay your unsecured creditors on your behalf at an interest rate of 5% per annum in three or more years.
Most people feel that with their debt piling up, filing for bankruptcy is the best course of action. However, there are many solutions that may be better suited to your particular financial situation. We'll work together to create a plan that works best for you.