DECLARING BANKRUPTCY IN FREDERICTON, NEW BRUNSWICK
If you’re thinking of declaring bankruptcy in Fredericton, let your local MNP LTD. Licensed Insolvency Trustee assist you. At MNP LTD., we've been providing Canadians with practical solutions to help them overcome financial adversities for more than 50 years.
Turn to your local MNP LTD. office to discover a team of experienced and supportive professionals who know just what it'll take for you to regain your financial stability. We know that personal insolvency can be stressful, but at MNP we know we can help. Discover the options available to you today; simply speak with your MNP Licensed Insolvency Trustee.
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What’s to come?
Declaring Bankruptcy can help provide you with a fresh financial start. Through this legal process, you can work to minimize your debt. To get started: simply contact your local MNP to learn more about the service you need or for other options. We will work with you to determine the right solution for your situation — and if filing for bankruptcy is the best course of action, we will guide you through the entire process.
To determine the path you should take, assess your current financial situation. Contact us if:
- You're spending more than you earn
- Your creditors are threatening action
- You regularly fail to pay bills on time
- Your financial situation is causing you stress
The right solution for you
But there are many other courses of action that may be more suitable to your financial situation. They include:
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 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.
Through debt consolidation, you can combine your debt into a single monthly repayment, which allows you to repay multiple creditors.