Filing for Bankruptcy in Vulcan, Alberta
Thinking about declaring bankruptcy in Vulcan? Speak to your local MNP LTD., where you'll discover a range of solutions. Year after year, we help thousands of Canadians just like you break free from financial hardship.
When you turn to your local MNP LTD. office in Calgary (Downtown), you'll discover a staff of dedicated, skilled and experienced professionals from the same community as you. Debt problems shouldn't control your life. You have options; discover them with MNP LTD. today.
There is 1 office near you
Could other debt alternatives provide relief?
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 thing to do is to speak with your local MNP LTD. Licensed Insolvency Trustee to determine your best course of action. It is not uncommon occurrence, after speaking with us, that people sometimes realize that declaring bankruptcy is not the best solution for them.
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.
We tailor our solutions to your situation
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 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 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.
The first thought people have when confronted with debt problems is filing forbankruptcy. What many don’t know is that there are many alternative debt solutions that may be better fitted to their unique requirements. We'll work together to create a plan that works best for you.