BANKRUPTCY TRUSTEE IN YOUNGSTOWN, ALBERTA
Are you in search of a bankruptcy trustee in Youngstown, to help you through a tough financial situation? 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 the MNP LTD. office nearest you, you can expect attentive service from professionals who are leaders in their field. They make it their mission to help ensure you regain control of your finances and leave debt problems behind you. There's no better time to take charge of your financial future — contact us now.
There is 1 office near you
We will outline all of your options
The goal of filing for bankruptcy is to reduce or free yourself from debt. The Bankruptcy and Insolvency Act regulates the law on bankruptcy. 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. It may be the case that alternatives to bankruptcy can be chosen, such as making a consumer proposal instead.
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.
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 how much debt you’ve accumulated, you may have the option to contact your creditors directly and discuss a lower interest rate or a repayment schedule that suits your situation.
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 you're ready to speak with a bankruptcy trustee in Youngstown, you can rest easy knowing the professionals at MNP LTD. are here to walk you through every step of the filing process. You can rest assured that we'll consider all your options when creating a plan tailored to your situation. Together, we can walk you through all your available options.