BANKRUPTCY TRUSTEE IN SPRUCE GROVE, ALBERTA
Do you need the help of a bankruptcy trustee in Spruce Grove? MNP LTD assists thousands of Canadians on an annual basis, helping them overcome their struggles with debt. We can help you get through tough times by outlining all of your options and helping you choose the solution that's right for you.
When you visit MNP LTD, you'll discover a team of considerate professionals ready to provide you with the personalized help you need to regain your financial stability. They're committed to helping you get your finances back on track —and to making debt a thing of the past. Put your financial future back in your hands — contact MNP LTD today.
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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. Bankruptcy is governed by the Bankruptcy and Insolvency Act. The first step should be to speak with your local MNP LTD bankruptcy trustee, who will take a look at your situation and go over the paths you could take. You might even find that viable alternatives to bankruptcy are available to you, 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.
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 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 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.
The bankruptcy trustee in Spruce Grove you need is here at MNP LTD; when you turn to us, you can rest assured that you will be guided through the filing process every step of the way. You can also rest easy knowing that we’ll explore any other options that may be available to you. With our help, we can walk you through all your available options.