BANKRUPTCY TRUSTEE IN LLOYDMINSTER, ALBERTA
Are you in need of a bankruptcy trustee in Lloydminster? MNP LTD has helped numerous Canadians put their debt behind them — and we can help you, too. It doesn’t matter how straightforward or complicated your financial situation may be, or even if the path to solvency seems impossible: we’re here to provide the tailored, common-sense solutions you need.
When you stop by your local MNP LTD office in Cold Lake, you will be greeted by friendly, experienced professionals with an in-depth knowledge of debt solutions. They make it their mission to help ensure you regain control of your finances and leave debt problems behind you. Contact us today if you're ready to take the reins on your financial future.
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Determining the right debt help solution for your needs
When it comes to filing for bankruptcy, the goal is to lessen or eliminate most or all of your debts. Bankruptcy is regulated by the Bankruptcy and Insolvency Act. Your initial step should be to get in touch with your local MNP LTD bankruptcy trustee, who will review your situation and outline your options. It could even be the case that you have viable alternatives to bankruptcy, such as making a consumer proposal.
When considering which debt solution to choose, ask yourself the following questions:
- Do you regularly spend more than you earn?
- Are you facing legal action (e.g. garnishment)?
- Do you use your credit card for everyday necessities?
- Are you at risk of having your credit card revoked?
- Have you been receiving collection letters or phone calls from your creditors?
- Are your financial struggles causing you stress?
If any of these questions ring true for you, it’s time to talk to our dedicated debt professionals.
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.
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.
When it comes to selecting a bankruptcy trustee in Lloydminster, you can expect MNP LTD to be there for you throughout the filing process, every step of the way. You can rest assured that we'll consider all your options when creating a plan tailored to your situation. With our help, we can walk you through all your available options.