Filing for Bankruptcy in Devon, Alberta
Considering declaring bankruptcy in Devon? No matter how bad or overwhelming your debt might seem, there are always solutions - and your MNP LTD. Licensed Insolvency Trustee can help. We help thousands of Canadians overcome all types of financial difficulties, and we're here to help you too.
Your local MNP LTD. is staffed with dedicated professionals who are a part of and familiar with your community. Don't let having debt encompass your life. 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. First things first, get in touch with your local MNP LTD. to learn about the options that are available to you. 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 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
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 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 gathers your debt into a single monthly repayment so that you can repay multiple creditors through one monthly payment.
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.
Often times, when individuals face financial problems their first instinct is declaring bankruptcy. You may be interested to learn that there may be more suitable solutions to your situation that you may not yet have considered. We'll work together to create a plan that works best for you.
For more information about declaring bankruptcy and other debt solutions available from MNP LTD., call us at 587-401-3499 or complete our online form to request your FREE, confidential consultation today!