BANKRUPTCY TRUSTEE IN DRUMHELLER, ALBERTA
Do you need the help of a bankruptcy trustee in Drumheller? MNP LTD assists thousands of Canadians on an annual basis, helping them overcome their struggles with debt. No matter how simple or complex your financial situation may be, or even if you feel that solvency seems unfeasible, you can count on us to help pinpoint the right solution for your needs.
At your nearby MNP LTD office in Drumheller, you will be looked after by helpful, understanding professionals with extensive debt solution know-how. They are dedicated to making sure your finances are back in your control — and that debt troubles are no longer an issue. Get in touch with us today if you feel it’s time to take charge of your financial future.
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Determining the right debt help solution for your needs
The process of filing for bankruptcy is designed to reduce or eliminate most of your debts. 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 be just what you need to discover the best options available to you -- because a good decision is an informed one.
In order to arrive at the best remedy for your particular financial situation, it’s important to consider 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 right solutions
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 your debt, it is possible for you to contact your current creditors directly and discuss a lesser interest rate or set up 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 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 Drumheller, then you're already on your way to gaining the helpful and professional advice from MNP LTD You can also trust that we will explore any other paths that you may be able to take. With our help, we can ensure all your options have been assessed.