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Filing for Bankruptcy in Caroline, Alberta

Thinking about declaring bankruptcy in Caroline? No matter the level of debt you have, your local MNP LTD Licensed Insolvency Trustee can offer you solutions. Thousands of Canadians experience financial hardship every year, and for more than 50 years we have been there to help and provide solutions.

You can find an MNP LTD office in Red Deer that is staffed with professionally trained debt solution experts with experience in how to file bankruptcy. Don’t allow debt to consume your life. You have options; discover them with MNP LTD today.

There is 1 office near you

Should you be looking into other debt solutions?

A legal process, filing for bankruptcy can help reduce the majority of your debts. It is regulated by the Bankruptcy and Insolvency Act. The first thing to do is to speak with your local MNP LTD Licensed Insolvency Trustee to determine your best course of action. In the majority of cases, after hearing the alternatives we have to offer, most people find that alternatives to declaring bankruptcy work better for their particular situation.

To determine how to handle your debt effectively, 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.

What is a Licensed Insolvency Trustee (LIT)?
Personal Insolvency Counselling

MNP offers permanent life-changing debt solutions to individuals struggling with an overwhelming amount of debt. Our trustees are here to help.

Get Started Now!

Call us today at 587-802-4208 or fill out our form to get a free consultation!

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We tailor our solutions to your situation

Consumer Proposal

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). 

Informal Debt Settlement

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

Debt consolidation consolidates your debt into a single monthly repayment  and allows you to repay multiple creditors.

Orderly Payment of Debt

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.

Most people feel that with their debt piling up, filing for bankruptcy is the best course of action. 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.

To learn more about declaring bankruptcy and other debt solutions provided by MNP LTD, call us at 587-802-4208 or submit our online form to request your FREE, confidential consultation!