BANKRUPTCY TRUSTEE IN ST. ALBERT, ALBERTA
Do you need to find a bankruptcy trustee in St. Albert? You're not alone: each year, thousands of Canadians find themselves facing financial trouble, which is why they turn to MNP LTD. for help. We're here to help you through your financial situation, no matter how complex or impossible you may think it to be.
At your nearby MNP LTD. office in St. Albert, you will be looked after by helpful, understanding professionals with extensive debt solution know-how. Their top priority is to help you put your finances back in order and do away with unruly debt. Call us today to get started on regaining your financial stability.
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Find out which debt help solutions are available to you
The process of filing for bankruptcy is designed to reduce or eliminate most of your debts. Bankruptcy 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 may be the case that alternatives to bankruptcy can be chosen, such as making a consumer proposal instead.
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.
We're here for you
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 the Orderly Payment of Debt (OPD) program the court consolidates your loans and pays your unsecured creditors in three or more years at an interest rate of 5% per annum.
When it comes to choosing a bankruptcy trustee in St. Albert, you can rest assured that MNP LTD. is here to guide you through the filing process from start to finish. 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.