Filing for Bankruptcy in Burdett, Alberta
Considering declaring bankruptcy in Burdett? Start by turning to the trusted professionals at your local MNP LTD to uncover the many options you may have. Year after year, we help thousands of Canadians just like you break free from financial hardship.
When you turn to your local MNP LTD office in Medicine Hat, you'll discover a staff of dedicated, skilled and experienced professionals from the same community as you. Don't let having debt encompass your life. There are options -- discover them with MNP LTD now.
There is 1 office near you
Is it time to consider other debt help options?
Filing for bankruptcy can help legally minimize your amount of debt. It is regulated by the Bankruptcy and Insolvency Act. The first step is to contact your local MNP LTD Licensed Insolvency Trustee, who will discuss and explain all of your options based on the assessment of your debt situation. Many times, after hearing of other options available, people have realized declaring bankruptcy wasn't their best choice.
To determine the right course of action, you'll need to think about your current financial situation.
- Spending more than you earn?
- Facing legal action, such as garnishment?
- Using credit cards for necessities?
- At risk of losing credit card privileges?
- Receiving harassing collection letters or phone calls?
- Stressed out due to financial problems?
If this sounds like you and you are experiencing some or all of the above, contact us today.
How your situation can benefit from our solutions
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 the Orderly Payment of Debt (OPD) program the court will consolidate your loans and pay your unsecured creditors on your behalf at an interest rate of 5% per annum in three or more years.
Often times, when individuals face financial problems their first instinct is declaring bankruptcy. However, there are many solutions that may be better suited to your particular financial situation. We'll work together to create a plan that works best for you.