BANKRUPTCY TRUSTEE IN MEDICINE HAT, ALBERTA
Do you need the help of a bankruptcy trustee in Medicine Hat? Each year, MNP LTD works with thousands of Canadians to help them manage their financial troubles. We're here to help you through your financial situation, no matter how complex or impossible you may think it to be.
Your local MNP LTD office in Medicine Hat is your source for friendly, courteous, professionally-trained debt solution professionals. They are dedicated to making sure your finances are back in your control — and that debt troubles are no longer an issue. There's no better time to take charge of your financial future — contact us now.
There is 1 office near you
Let us help you evaluate your options
The process of filing for bankruptcy is designed to reduce or eliminate most of your debts. It is governed 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 may be the case that alternatives to bankruptcy can be chosen, such as making a consumer proposal instead.
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 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 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's time to choose a bankruptcy trustee in Medicine Hat, you can find peace of mind knowing MNP LTD will take you through the filing process step-by-step. We will also help you consider and assess any other solutions that may be available to you. Together, we’ll guide you through the available options.