BANKRUPTCY TRUSTEE IN SPRUCE GROVE, ALBERTA
Do you need the help of a bankruptcy trustee in Spruce Grove? MNP LTD assists thousands of Canadians on an annual basis, helping them overcome their struggles with debt. If the path to solvency seems out of reach, you can count on us for reasonable, suitable solutions.
When you visit the MNP LTD office nearest you, you can expect attentive service from professionals who are leaders in their field. Our goal is to provide you with expert advice to help you make debt a thing of the past. 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 purpose of filing for bankruptcy is to provide you with a fresh financial start. 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 available to you, in which can you can assess your options before deciding to go bankrupt or not.
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.
The guidance you need
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 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 combines your debt into a single monthly repayment so that you can pay off 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 Spruce Grove, you can rest assured that MNP LTD is here to guide you through the filing process from start to finish. You can also trust that we will explore any other paths that you may be able to take. With our help, we can ensure all your options have been assessed.