BANKRUPTCY IN SHERWOOD PARK, ALBERTA
Thinking about declaring bankruptcy in Sherwood Park? Speak to your local MNP LTD., where you'll discover a range of solutions. We help thousands of Canadians overcome all types of financial difficulties, and we're here to help you too.
You’ll find a local MNP LTD. office in Sherwood Park staffed by knowledgeable and highly experienced professionals who live and work in the same communities as you do. Don’t let debt problems take control of your life. There are options -- discover them with MNP LTD. now.
There is 1 office near you
What is your best course of action?
Bankruptcy is a legal process which can help free you from most of your debts. It is regulated by the Bankruptcy and Insolvency Act. First, you must contact your nearest MNP LTD. Licensed Insolvency Trustee, who will go over and explain your options based on your overall financial situation. In many cases, after discussing the situation with an expert, people find that there are better debt options than declaring bankruptcy.
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.
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 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.
When many people experience debt problems often, their first thoughts are declaring bankruptcy. You may be interested to learn that there may be more suitable solutions to your situation that you may not yet have considered. We'll work together to create a plan that works best for you.