Filing for Bankruptcy in Wembley, Alberta
Are you considering declaring bankruptcy in Wembley? 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, we help thousands of Canadians work through financial difficulties at all levels and we can help you too.
Our local MNP LTD. office in Grande Prairie employs knowledgeable and courteous professionals with experience in filing for bankruptcy that work and live in the same communities as you. Don’t allow debt to consume 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 can help legally minimize your amount of 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. In the majority of cases, after hearing the alternatives we have to offer, most people find that alternatives to declaring bankruptcy work better for their particular situation.
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.
We offer the most effective solution for your situation
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).
Depending on how much debt you’ve accumulated, you may have the option to contact your creditors directly and discuss a lower interest rate or a repayment schedule that suits your situation.
Debt consolidation consolidates your debt into a single monthly repayment and allows you to repay 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.
Those who are met with financial problems often think that declaring bankruptcy is their only option. However, there are many solutions that may be better suited to your particular financial situation. We'll work together to create a plan that works best for you.