BANKRUPTCY TRUSTEE IN PEACE RIVER, ALBERTA
Are you in search of a bankruptcy trustee in Peace River? 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're here to help you through your financial situation, no matter how complex or impossible you may think it to be.
At your nearest MNP LTD. location in Peace River, you'll find respectful, approachable professionals equipped with debt solution know-how. They're committed to helping you get your finances back on track —and to making 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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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. It is governed 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. 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.
We're here for you
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 consolidates your debt into a single monthly repayment and allows you to repay 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.
For a bankruptcy trustee in Peace River you can depend on, turn to MNP LTD.; our professionals will guide you through the filing process from beginning to end. You can rest assured that we'll consider all your options when creating a plan tailored to your situation. Together, we’ll guide you through the available options.