BANKRUPTCY TRUSTEE IN HIGH LEVEL, ALBERTA
Looking to find a bankruptcy trustee in High Level? Every year, MNP LTD helps thousands of Canadians find a viable way out of debt. We can help you get through tough times by outlining all of your options and helping you choose the solution that's right for you.
At your nearby MNP LTD office in Peace River, 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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Let us help you evaluate your options
The goal of filing for bankruptcy is to reduce or free yourself from debt. In Canada, bankruptcy is regulated by the Bankruptcy and Insolvency Act. To ensure you're making the best possible choice, a bankruptcy trustee will be happy to work with to review your options. Alternatives to bankruptcy may be available to you, in which can you can assess your options before deciding to go bankrupt or not.
The following should be taken into account when considering the debt solutions available to you:
- 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.
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 High Level, you can rest assured you're well on your way to receiving sound professional advice you can count on. You can also rest easy knowing that we’ll explore any other options that may be available to you. Together, we can walk you through all your available options.