Filing for Bankruptcy in Medicine Hat, Alberta
Are you considering declaring bankruptcy in Medicine Hat? No matter how difficult the situation may seem, your debt troubles can be managed with help from your local MNP LTD. Licensed Insolvency Trustee. 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.
You can find an MNP LTD. office in Medicine Hat that is staffed with professionally trained debt solution experts with experience in how to file bankruptcy. Don’t let debt control your financial future. Contact us now and regain control of your life.
There is 1 office near you
Should you be looking into other debt solutions?
Filing for bankruptcy can help legally minimize your amount of debt. 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. Many times, after hearing of other options available, people have realized declaring bankruptcy wasn't their best choice.
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 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 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 allows you to pull all your debt into one primary monthly repayment which can be repaid to 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.
Most people feel that with their debt piling up, filing for bankruptcy is the best course of action. 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.