Filing for Bankruptcy in Cold Lake, Alberta
Thinking of declaring bankruptcy in Cold Lake? With the help of your local MNP LTD Licensed Insolvency Trustee, your debt situation can be managed. We help thousands of Canadians overcome all types of financial difficulties, and we're here to help you too.
When you turn to your local MNP LTD office in Cold Lake, you'll discover a staff of dedicated, skilled and experienced professionals from the same community as you. Don’t let your debt troubles get out of control. You have options; discover them with MNP LTD today.
There is 1 office near you
Is it time to consider other debt help options?
Filing for Bankruptcy is an entirely legal process and can be effective in reducing the majority of your debt. 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 many cases, after discussing the situation with an expert, people find that there are better debt options than declaring bankruptcy.
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.
We offer the most effective solution for your situation
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 allows you to pull all your debt into one primary monthly repayment which can be repaid to 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.
Those who are met with financial problems often think that declaring bankruptcy is their only option. Depending on your financial situation, more appropriate solutions may be available. We'll work together to create a plan that works best for you.