BANKRUPTCY TRUSTEE IN CAMROSE, ALBERTA
Are you in need of a bankruptcy trustee in Camrose? When faced with debt, thousands of Canadians have turned to MNP LTD for the trusted help they need. We understand that unfavourable financial situations can arise for a number of different reasons; we also recognize that solvency is possible through tailored solutions.
Your local MNP LTD office in Leduc is your source for friendly, courteous, professionally-trained debt solution professionals. Our main goal is to provide you with the professional advice you need to put debt behind you. So if you're ready to tackle your financial stresses head-on, get in touch with MNP LTD now.
There is 1 office near you
We will outline all of your options
If you're in need of a fresh financial start, filing for bankruptcy may be a viable option. Bankruptcy is governed by the Bankruptcy and Insolvency Act. Before you begin, you should visit your local MNP LTD bankruptcy trustee, who will evaluate your situation and walk you through all available options. You may find out that you have options other than filing for bankruptcy — making a consumer proposal, for example.
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 make arrangements to pay the majority or a partial amount of your unsecured debt through monthly payment over a specific time frame (up to a maximum of 5 years).
Depending on the amount of your debt, it is possible for you to contact your current creditors directly and discuss a lesser interest rate or set up 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 Camrose, you can expect MNP LTD to be there for you throughout the filing process, every step of the way. You can also trust that we will explore any other paths that you may be able to take. With our help, we can ensure all your options have been assessed.