BANKRUPTCY TRUSTEE IN COCHRANE, ALBERTA
Are you in search of a bankruptcy trustee in Cochrane, to help you through a tough financial situation? Each year, MNP LTD works with thousands of Canadians to help them manage their financial troubles. 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 MNP LTD, you'll discover a team of considerate professionals ready to provide you with the personalized help you need to regain your financial stability. Their number one priority is to help you take control of your finances and leave unmanageable debt in the past. There's no better time to take charge of your financial future — contact us now.
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Find out which debt help solutions are available to you
The process of filing for bankruptcy is designed to reduce or eliminate most of your debts. It is governed by the Bankruptcy and Insolvency Act. Before beginning, your first step should be to contact your local MNP LTD bankruptcy trustee, who will assess your situation and outline the paths that can be taken. You may find out that you have options other than filing for bankruptcy — making a consumer proposal, for example.
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 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.
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.
For a bankruptcy trustee in Cochrane you can depend on, turn to MNP LTD; our professionals will guide you through the filing process from beginning to end. 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 ensure all your options have been assessed.