BANKRUPTCY IN SALT SPRING ISLAND, BRITISH COLUMBIA
Considering declaring bankruptcy in Salt Spring Island? No matter how bad or overwhelming your debt might seem, there are always solutions - and your MNP LTD. Licensed Insolvency Trustee can help. Every year, thousands of Canadians turn to us to help them get through various types of financial difficulties -- and you can rely on us too.
When you turn to your local MNP LTD. office in Victoria, you'll discover a staff of dedicated, skilled and experienced professionals from the same community as you. 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?
A legal process that can help free you from most of your debt is filing for bankruptcy in Salt Spring Island. It is regulated by the Bankruptcy and Insolvency Act. The first step is to contact your local MNP LTD. Licensed Insolvency Trustee, who will discuss and explain all of your options based on the assessment of your debt 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.
We tailor our solutions to your situation
The consumer proposal simply allows you to make arrangements to pay all — or part — of your unsecured debts through monthly payments over a defined period of time (up to a 5-year maximum).
Subject to the total amount of debt you carry, this is an option to contact your creditors directly and discuss a reduced interest rate or a repayment schedule that suits your situation.
Debt Consolidation allows you to combine your debt into a single monthly repayment, which means you’ll be able to repay multiple creditors.
The first thought people have when encountering financial difficulty is declaring bankruptcy. Depending on your financial situation, more appropriate solutions may be available. Together, we can work out a solution that's best for you.