BANKRUPTCY TRUSTEE IN COCHRANE, ALBERTA
Do you need to find a bankruptcy trustee in Cochrane? Every year, MNP LTD helps thousands of Canadians find a viable way out of debt. We understand that unfavourable financial situations can arise for a number of different reasons; we also recognize that solvency is possible through tailored solutions.
Turn to your local MNP LTD for our highly customized solutions, and you'll soon understand why Canadians have been turning to us for more than 50 years. They are dedicated to making sure your finances are back in your control — and that debt troubles are no longer an issue. Call us today to get started on regaining your financial stability.
There is 1 office near you
You may be eligible for a range of debt help solutions
The aim of filing for bankruptcy is to reduce and eventually get rid of your debts. In Canada, bankruptcy is regulated by the Bankruptcy and Insolvency Act. First thing's first: you should get in contact with your local MNP LTD bankruptcy trustee, who will review your financial situation and determine all available options. You might even find that viable alternatives to bankruptcy are available to you, such as making a consumer proposal.
In order to determine the best solution for your financial situation, it's important to contemplate the following:
- 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 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 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.
If you're ready to speak with a bankruptcy trustee in Cochrane, you can rest assured you're well on your way to receiving sound professional advice you can count on. You can also trust that we will explore any other paths that you may be able to take. Together, we’ll guide you through the available options.