Filing for Bankruptcy in Grande Prairie, Alberta
Thinking about declaring bankruptcy in Grande Prairie? No matter the level of debt you have, your local MNP LTD Licensed Insolvency Trustee can offer you solutions. Every year, we help thousands of Canadians find trusted solutions for their financial problems, and we can help you too.
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 let debt control your financial future. Call us today and get back on track.
There is 1 office near you
Should you be looking into other debt solutions?
A legal process that can help free you from most of your debt is filing for bankruptcy in Grande Prairie. 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 many cases, after discussing the situation with an expert, people find that there are better debt options than declaring bankruptcy.
To find out what is best for you, 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 debt you have, it may be possible for you to contact your creditors directly and negotiate a lower interest rate or a repayment schedule that works for you.
Debt consolidation combines your debt into a single monthly repayment so that you can pay off 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. We'll work together to create a plan that works best for you.