BANKRUPTCY TRUSTEE IN TORRINGTON, ALBERTA
Are you in search of a bankruptcy trustee in Torrington? When faced with debt, thousands of Canadians have turned to MNP LTD. for the trusted help they need. We understand that unfavourable financial situations can arise for a number of different reasons; we also recognize that solvency is possible through tailored solutions.
At your nearby MNP LTD. office in Calgary (Downtown), you will be looked after by helpful, understanding professionals with extensive debt solution know-how. 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.
There is 1 office near you
We will outline all of your options
Filing for bankruptcy can help you gain a new financial start. It 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. Alternatives to bankruptcy may be available to you, in which can you can assess your options before deciding to go bankrupt or not.
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 to help
The consumer proposal is a simple process that allows you to make arrangements to pay all, or part, of your unsecured debts through monthly payments over a specified period of time (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.
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.
When it comes to selecting a bankruptcy trustee in Torrington, you can expect MNP LTD. to be there for you throughout the filing process, every step of the way. We will also help you consider and assess any other solutions that may be available to you. Together, we’ll guide you through the available options.