BANKRUPTCY TRUSTEE IN PEACE RIVER, ALBERTA
Are you in search of a bankruptcy trustee in Peace River? Every year, MNP LTD helps thousands of Canadians find a viable way out of debt. If the path to solvency seems out of reach, you can count on us for reasonable, suitable solutions.
When you stop by your local MNP LTD office in Peace River, you will be greeted by friendly, experienced professionals with an in-depth knowledge of debt solutions. Our goal is to provide you with expert advice to help you make debt a thing of the past. Get in touch with us today if you feel it’s time to take charge of your financial future.
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We can help you weigh your options
The aim of filing for bankruptcy is to reduce and eventually get rid of your debts. In Canada, bankruptcy is regulated by the Bankruptcy and Insolvency Act. It's always a good idea to speak with a bankruptcy trustee to go through all the options available to you, and ensure you're making the best possible choice. You might even find that viable alternatives to bankruptcy are available to you, such as making a consumer proposal.
In order to determine the best solution for your financial situation, it's important to contemplate 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.
We're here to help
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 allows you to pull all your debt into one primary monthly repayment which can be repaid to multiple creditors.
Under this program, the court will combine your loans and pay your unsecured debts on your behalf at a 5% per annum interest rate in three or more years.
If you're ready to speak with a bankruptcy trustee in Peace River, then you're already on your way to gaining the helpful and professional advice from MNP LTD You can also feel good knowing we will discuss any alternatives that may be on the table. With our help, we can ensure all your options have been assessed.