BANKRUPTCY TRUSTEE IN CLARESHOLM, ALBERTA
Are you searching for a bankruptcy trustee in Claresholm? MNP LTD. has helped numerous Canadians put their debt behind them — and we can help you, too. We understand that unfavourable financial situations can arise for a number of different reasons; we also recognize that solvency is possible through tailored solutions.
When you visit your local MNP LTD. office in Lethbridge, you can expect considerate, personalized service from highly-trained debt solution professionals. Their top priority is to help you put your finances back in order and do away with unruly debt. 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
If you're in need of a fresh financial start, filing for bankruptcy may be a viable option. It 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. Alternatives to bankruptcy may be presented to you, in which case you can weigh your options before making a decision.
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 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.
Under the Orderly Payment of Debt (OPD) program the court consolidates your loans and pays your unsecured creditors in three or more years at an interest rate of 5% per annum.
When it comes to choosing a bankruptcy trustee in Claresholm, you can rest assured that MNP LTD. is here to guide you through the filing process from start to finish. You can also feel confident knowing we will go through any other solutions that you may be able to pursue. With our help, we can walk you through all your available options.