Filing for Bankruptcy in Fairview, Alberta
Are you considering declaring bankruptcy in Fairview? 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.
You can find an MNP LTD office in Grande Prairie that is staffed with professionally trained debt solution experts with experience in how to file bankruptcy. Don’t allow debt to consume your life. Call us today and get back on track.
There is 1 office near you
What is your best course of action?
A legal process that can help free you from most of your debt is filing for bankruptcy in Fairview. It is regulated by the Bankruptcy and Insolvency Act. First, you must contact your nearest MNP LTD Licensed Insolvency Trustee, who will go over and explain your options based on your overall financial 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 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 will consolidate your loans and pay your unsecured creditors on your behalf at an interest rate of 5% per annum in three or more years.
Often times, when individuals face financial problems their first instinct is declaring bankruptcy. 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.