BANKRUPTCY TRUSTEE IN GADSBY, ALBERTA
Are you searching for a bankruptcy trustee in Gadsby? Every year, MNP LTD helps thousands of Canadians find a viable way out of debt. There's no situation too complex for us; so no matter how complex and impossible to fix you may think your financial troubles are, turn to us for a solution that works best for you.
At your nearby MNP LTD office in Red Deer, you will be looked after by helpful, understanding professionals with extensive debt solution know-how. Our goal is to provide you with expert advice to help you make debt a thing of the past. Contact us today if you're ready to take the reins on your financial future.
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We can help you weigh your options
If you're in need of a fresh financial start, filing for bankruptcy may be a viable option. 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.
When evaluating your options, take the following into consideration:
- 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 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.
With the Orderly Payment of Debt (OPD) program, the court will merge your loans and pay — in three or more years — your unsecured debt on your behalf at a 5% yearly interest rate.
When it comes to selecting a bankruptcy trustee in Gadsby, you can expect MNP LTD to be there for you throughout the filing process, every step of the way. You can also rest easy knowing that we’ll explore any other options that may be available to you. With our help, we can ensure all your options have been assessed.