BANKRUPTCY TRUSTEE IN BOWDEN, ALBERTA
Are you in search of a bankruptcy trustee in Bowden, to help you through a tough financial situation? You're not alone: each year, thousands of Canadians find themselves facing financial trouble, which is why they turn to MNP LTD for help. We're here to help you through your financial situation, no matter how complex or impossible you may think it to be.
At your nearest MNP LTD location in Red Deer, you'll find respectful, approachable professionals equipped with debt solution know-how. Their number one priority is to help you take control of your finances and leave unmanageable debt in the past. Contact us today and get ready for a brighter financial future.
There is 1 office near you
You may be eligible for a range of debt help solutions
The purpose of filing for bankruptcy is to provide you with a fresh financial start. In Canada, bankruptcy is regulated by the Bankruptcy and Insolvency Act. Before starting, the first thing you should do is reach out to your local MNP LTD bankruptcy trustee, who will evaluate your situation and explain the options available to you. You might even find that viable alternatives to bankruptcy are available to you, such as making a consumer proposal.
The following should be taken into account when considering the debt solutions available to you:
- 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 guidance you need
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 allows you to pull all your debt into one primary monthly repayment which can be repaid to multiple creditors.
With the Orderly Payment of Debt (OPD) program, the court will merge your loans and pay — in three or more years — your unsecured debt on your behalf at a 5% yearly interest rate.
When you're ready to speak with a bankruptcy trustee in Bowden, you can rest easy knowing the professionals at MNP LTD are here to walk you through every step of the filing process. You can also rest easy knowing that we’ll explore any other options that may be available to you. Together, we can walk you through all your available options.