Filing for Bankruptcy in Fort Saskatchewan, Alberta
Considering declaring bankruptcy in Fort Saskatchewan? No matter how bad or overwhelming your debt might seem, there are always solutions - and your MNP LTD Licensed Insolvency Trustee can help. Year after year, we help thousands of Canadians just like you break free from financial hardship.
You can find an MNP LTD office in Sherwood Park that is staffed with professionally trained debt solution experts with experience in how to file bankruptcy. Don’t allow debt to consume your life. Contact us now and regain control of your life.
There is 1 office near you
Could other debt alternatives provide relief?
A legal process that can help free you from most of your debt is filing for bankruptcy in Fort Saskatchewan. 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 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 how much debt you’ve accumulated, you may have the option to contact your creditors directly and discuss a lower interest rate or a repayment schedule that suits your situation.
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.
Most people feel that with their debt piling up, filing for bankruptcy is the best course of action. However, there are many solutions that may be better suited to your particular financial situation. Together, we can work out a solution that's best for you.