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BANKRUPTCY IN PENHOLD, ALBERTA

Considering declaring bankruptcy in Penhold? 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.

Your local MNP LTD. is staffed with dedicated professionals who are a part of and familiar with your community. Don’t allow debt to consume your life. Call us today and get back on track.

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Could other debt alternatives provide relief?

When it comes to freeing yourself from debt legally, you can choose to file for bankruptcy in Penhold. 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, people discover that declaring bankruptcy is not required, but instead follow one of the alternative remedies we provide.

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.

Personal Insolvency Counselling

MNP offers permanent life-changing debt solutions to individuals struggling with an overwhelming amount of debt. Our trustees are here to help.

Get Started Now!

Call us today at 587-802-4208 or fill out our form to get a free consultation!

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We tailor our solutions to your situation

Consumer Proposal

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). 

Informal Debt Settlement

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

Debt consolidation consolidates your debt into a single monthly repayment  and allows you to repay multiple creditors.

Orderly Payment of Debt

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.

Those who are met with financial problems often think that declaring bankruptcy is their only option. However, there are many alternatives that may be more appropriate for your particular financial situation. Together, we can work out a solution that's best for you.

Find out more about how MNP LTD. can help with declaring bankruptcy or guiding you through alternative options -- simply call us at 587-802-4208 to book your FREE confidential consultation today.