BANKRUPTCY TRUSTEE IN CAROLINE, ALBERTA
Are you in need of a bankruptcy trustee in Caroline? MNP LTD assists thousands of Canadians on an annual basis, helping them overcome their struggles with debt. If the path to solvency seems out of reach, you can count on us for reasonable, suitable solutions.
When you visit your local MNP LTD office in Red Deer, you can expect considerate, personalized service from highly-trained debt solution professionals. Our main goal is to provide you with the professional advice you need to put debt 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
Filing for bankruptcy can help you gain a new financial start. Bankruptcy is governed by the Bankruptcy and Insolvency Act. The first step should be to speak with your local MNP LTD bankruptcy trustee, who will take a look at your situation and go over the paths you could take. It could be just what you need to discover the best options available to you -- because a good decision is an informed one.
The following should be considered when determining best solution to your financial troubles:
- 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 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 the total amount of debt you may have, this is an option to speak with your creditors directly and arrange a lower interest rate or a repayment schedule that works for you.
Debt consolidation combines your debt into a single monthly repayment so that you can pay off 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.
If you're ready to speak with a bankruptcy trustee in Caroline, you can rest assured you're well on your way to receiving sound professional advice you can count on. You can also be sure that we will review any alternatives that you may qualify for. Together, we can walk you through all your available options.