BANKRUPTCY TRUSTEE IN SPRUCE GROVE, ALBERTA
Are you in search 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 understand that unfavourable financial situations can arise for a number of different reasons; we also recognize that solvency is possible through tailored solutions.
When you visit your local MNP LTD. office in Spruce Grove, you can expect considerate, personalized service from highly-trained debt solution professionals. They are dedicated to making sure your finances are back in your control — and that debt troubles are no longer an issue. There's no better time to take charge of your financial future — contact us now.
There is 1 office near you
You may be eligible for a range of debt help solutions
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. Before beginning, your first step should be to contact your local MNP LTD. bankruptcy trustee, who will assess your situation and outline the paths that can be taken. It could even be the case that you have viable alternatives to bankruptcy, such as making a consumer proposal.
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 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 debt you have, it may be possible for you to contact your creditors directly and negotiate 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.
Under the Orderly Payment of Debt (OPD) program the court will consolidate your loans and pay your unsecured creditors on your behalf at an interest rate of 5% per annum in three or more years.
For a bankruptcy trustee in Spruce Grove you can depend on, turn to MNP LTD.; our professionals will guide you through the filing process from beginning to end. We will also help you consider and assess any other solutions that may be available to you. With our help, we can ensure all your options have been assessed.