BANKRUPTCY TRUSTEE IN MAGRATH, ALBERTA
Do you need the help of a bankruptcy trustee in Magrath? At MNP LTD, we pride ourselves on helping thousands of Canadians each year overcome their financial troubles -- and we want to 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.
When you visit the MNP LTD office nearest you, you can expect attentive service from professionals who are leaders in their field. 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
You may be eligible for a range of debt help solutions
The aim of filing for bankruptcy is to reduce and eventually get rid of your debts. Bankruptcy is regulated 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. Alternatives to bankruptcy may be presented to you, in which case you can weigh your options before making a decision.
In order to determine the best solution for your financial situation, it's important to contemplate 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.
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 combines your debt into a single monthly repayment so that you can pay off multiple creditors.
Under this program, the court will combine your loans and pay your unsecured debts on your behalf at a 5% per annum interest rate in three or more years.
When you're ready to speak with a bankruptcy trustee in Magrath, you can rest easy knowing the professionals at MNP LTD are here to walk you through every step of the filing process. We will also help you consider and assess any other solutions that may be available to you. With our help, we can walk you through all your available options.