BANKRUPTCY TRUSTEE IN COALDALE, ALBERTA
Are you in need of a bankruptcy trustee in Coaldale? You're not alone: each year, thousands of Canadians find themselves facing financial trouble, which is why they turn to MNP LTD for help. If the path to solvency seems out of reach, you can count on us for reasonable, suitable solutions.
At your nearby MNP LTD office in Lethbridge, you will be looked after by helpful, understanding professionals with extensive debt solution know-how. Their top priority is to help you put your finances back in order and do away with unruly debt. Put your financial future back in your hands — contact MNP LTD today.
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Determining the right debt help solution for your needs
The bankruptcy-filing process helps give individuals experiencing financial troubles a fresh financial start. In Canada, bankruptcy is regulated by the Bankruptcy and Insolvency Act. To ensure you're making the best possible choice, a bankruptcy trustee will be happy to work with to review your options. It could even be the case that you have viable alternatives to bankruptcy, such as making a consumer proposal.
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.
A consumer proposal allows you to make arrangements to pay some or all 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 consolidates your debt into a single monthly repayment and allows you to repay 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 you're ready to speak with a bankruptcy trustee in Coaldale, you can rest easy knowing the professionals at MNP LTD are here to walk you through every step of the filing process. We will also help you consider and assess any other solutions that may be available to you. Together, we’ll guide you through the available options.