BANKRUPTCY TRUSTEE IN SYLVAN LAKE, ALBERTA
Do you need to find a bankruptcy trustee in Sylvan Lake? MNP LTD. has helped numerous Canadians put their debt behind them — and we can help you, too. 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.
Your local MNP LTD. office in Red Deer is your source for friendly, courteous, professionally-trained debt solution professionals. Their top priority is to help you put your finances back in order and do away with unruly debt. Contact us today and get ready for a brighter financial future.
There is 1 office near you
Determining the right debt help solution for your needs
The goal of filing for bankruptcy is to reduce or free yourself from debt. Bankruptcy is regulated by the Bankruptcy and Insolvency Act. Your initial step should be to get in touch with your local MNP LTD. bankruptcy trustee, who will review your situation and outline your options. You might even find that viable alternatives to bankruptcy are available to you, such as making a consumer proposal.
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.
A consumer proposal allows you to make arrangements to pay some or all of your unsecured debts through monthly payments over a specified period of time (up to a maximum of 5 years).
Depending on the total amount of debt you may have, this is an option to speak with your creditors directly and arrange a lower interest rate or a repayment schedule that works for you.
Debt consolidation gathers your debt into a single monthly repayment so that you can repay multiple creditors through one monthly payment.
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.
If you're ready to speak with a bankruptcy trustee in Sylvan Lake, you can rest assured you're well on your way to receiving sound professional advice you can count on. You can also feel good knowing we will discuss any alternatives that may be on the table. Together, we can walk you through all your available options.