BANKRUPTCY TRUSTEE IN LACOMBE, ALBERTA
Do you need to find a bankruptcy trustee in Lacombe? At MNP LTD, we pride ourselves on helping thousands of Canadians each year overcome their financial troubles -- and we want to help you too. We understand that unfavourable financial situations can arise for a number of different reasons; we also recognize that solvency is possible through tailored solutions.
When you visit the MNP LTD office nearest you, you can expect attentive service from professionals who are leaders in their field. Their number one priority is to help you take control of your finances and leave unmanageable debt in the past. Contact us today and get ready for a brighter 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. Bankruptcy is regulated by the Bankruptcy and Insolvency Act. Before beginning, your first step should be to contact your local MNP LTD bankruptcy trustee, who will assess your situation and outline the paths that can be taken. It could even be the case that you have viable alternatives to bankruptcy, such as making a consumer proposal.
The following should be considered when determining best solution to your financial troubles:
- 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 make arrangements to pay the majority or a partial amount of your unsecured debt through monthly payment over a specific time frame (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 consolidates your debt into a single monthly repayment and allows you to repay 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.
When you're ready to speak with a bankruptcy trustee in Lacombe, you can rest easy knowing the professionals at MNP LTD are here to walk you through every step of the filing process. You can also trust that we will explore any other paths that you may be able to take. Together, we can walk you through all your available options.