BANKRUPTCY TRUSTEE IN RAYMOND, ALBERTA
Are you searching for a bankruptcy trustee in Raymond? 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 Lethbridge, you will be greeted by friendly, experienced professionals with an in-depth knowledge of debt solutions. Their main goal is to assist you in gaining control of your finances and putting uncontrollable debt behind you. Call us today to get started on regaining your financial stability.
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Determining the right debt help solution for your needs
When it comes to filing for bankruptcy, the goal is to lessen or eliminate most or all of your debts. In Canada, bankruptcy is regulated by the Bankruptcy and Insolvency Act. To ensure you're making the best possible choice, a bankruptcy trustee will be happy to work with to review your options. You may find out that you have options other than filing for bankruptcy — making a consumer proposal, for example.
When considering which debt solution to choose, ask yourself the following questions:
- 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 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 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 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.
When it comes to choosing a bankruptcy trustee in Raymond, you can rest assured that MNP LTD is here to guide you through the filing process from start to finish. You can rest assured that we'll consider all your options when creating a plan tailored to your situation. With our help, we can ensure all your options have been assessed.