BANKRUPTCY TRUSTEE IN CORONATION, ALBERTA
Are you in need of a bankruptcy trustee in Coronation? Every year, MNP LTD helps thousands of Canadians find a viable way out of debt. Regardless of the financial situation you find yourself in, we can help make the path to solvency possible by working with you to determine the solution that's right for you.
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 make it their mission to help ensure you regain control of your finances and leave debt problems behind you. Get in touch with us today if you feel it’s time to take charge of your financial future.
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We can help you weigh your options
The goal of filing for bankruptcy is to reduce or free yourself from debt. 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. It could even be the case that you have viable alternatives to bankruptcy, 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.
We're here to help
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 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 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.
If you're ready to speak with a bankruptcy trustee in Coronation, then you're already on your way to gaining the helpful and professional advice from MNP LTD You can also feel confident knowing we will go through any other solutions that you may be able to pursue. Together, we can walk you through all your available options.