Filing for 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. Thousands of Canadians experience financial hardship every year, and for more than 50 years we have been there to help and provide solutions.
Our local MNP LTD. office in Sherwood Park employs knowledgeable and courteous professionals with experience in filing for bankruptcy that work and live in the same communities as you. Don't let having debt encompass your life. You have options; discover them with MNP LTD. today.
There is 1 office near you
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 Sherwood Park. It is regulated by the Bankruptcy and Insolvency Act. Step one is to contact your nearest
To determine the best course of action, 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.
We tailor our solutions to your situation
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 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 gathers your debt into a single monthly repayment so that you can repay multiple creditors through one monthly payment.
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.
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.