Filing for Bankruptcy in Didsbury, Alberta
Are you considering declaring bankruptcy in Didsbury? No matter how difficult the situation may seem, your debt troubles can be managed with help from your local MNP LTD. Licensed Insolvency Trustee. Year after year, we help thousands of Canadians just like you break free from financial hardship.
Your local MNP LTD. is staffed with dedicated professionals who are a part of and familiar with your community. Debt problems shouldn't control your life. Contact us now and regain control of your life.
There is 1 office near you
Could other debt alternatives provide relief?
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. 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.
How your situation can benefit from our solutions
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 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.
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.
The first thought people have when confronted with debt problems is filing forbankruptcy. However, there are many alternatives that may be more appropriate for your particular financial situation. Together, we can work out a solution that's best for you.