Filing for Bankruptcy in Cochrane, Alberta
Are you considering declaring bankruptcy in Cochrane? No matter how difficult the situation may seem, your debt troubles can be managed with help from your local MNP LTD Licensed Insolvency Trustee. Every year, we help thousands of Canadians find trusted solutions for their financial problems, and we can help you too.
When you turn to your local MNP LTD office in Calgary (Downtown), you'll discover a staff of dedicated, skilled and experienced professionals from the same community as you. Don’t allow debt to consume 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?
A legal process that can help free you from most of your debt is filing for bankruptcy in Cochrane. 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. In the majority of cases, people discover that declaring bankruptcy is not required, but instead follow one of the alternative remedies we provide.
To determine the best course of action, 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.
We tailor our solutions to your situation
The consumer proposal is a process that helps you pay off your entire debt or an agreed upon portion, either monthly or within a specific period of time (up to a maximum of 5 years).
Depending on the amount of debt you have, it may be possible for you to contact your creditors directly and negotiate a lower interest rate or a repayment schedule that works for you.
Debt consolidation consolidates your debt into a single monthly repayment and allows you to repay 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.
Often times, when individuals face financial problems their first instinct is declaring bankruptcy. There are of course many alternatives that may be more suitable for your situation. Together, we can work out a solution that's best for you.