BANKRUPTCY TRUSTEE IN NORDEGG, ALBERTA
Are you in search of a bankruptcy trustee in Nordegg, to help you through a tough financial situation? When faced with debt, thousands of Canadians have turned to MNP LTD for the trusted help they need. 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.
When you stop by your local MNP LTD office in Red Deer, you will be greeted by friendly, experienced professionals with an in-depth knowledge of debt solutions. Their top priority is to help you put your finances back in order and do away with unruly debt. Call us today to get started on regaining your financial stability.
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Determining the right debt help solution for your needs
The purpose of filing for bankruptcy is to provide you with a fresh financial start. The Bankruptcy and Insolvency Act regulates the law on bankruptcy. 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 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 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 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 gathers your debt into a single monthly repayment so that you can repay multiple creditors through one monthly payment.
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 choosing a bankruptcy trustee in Nordegg, you can rest assured that MNP LTD is here to guide you through the filing process from start to finish. 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.