BANKRUPTCY TRUSTEE IN TABER, ALBERTA
Do you need to find a bankruptcy trustee in Taber? You're not alone: each year, thousands of Canadians find themselves facing financial trouble, which is why they turn to MNP LTD for help. 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 stop by your local MNP LTD office in Taber, you will be greeted by friendly, experienced professionals with an in-depth knowledge of debt solutions. Our goal is to provide you with expert advice to help you make debt a thing of the past. Put your financial future back in your hands — contact MNP LTD today.
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Determining the right debt help solution for your needs
The process of filing for bankruptcy is designed to reduce or eliminate most of your debts. The Bankruptcy and Insolvency Act regulates the law on bankruptcy. It's always a good idea to speak with a bankruptcy trustee to go through all the options available to you, and ensure you're making the best possible choice. It may be the case that alternatives to bankruptcy can be chosen, such as making a consumer proposal instead.
The following should be considered when determining best solution to your financial troubles:
- 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 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 choosing a bankruptcy trustee in Taber, you can rest assured that MNP LTD is here to guide you through the filing process from start to finish. You can also feel good knowing we will discuss any alternatives that may be on the table. With our help, we can ensure all your options have been assessed.