Filing for Bankruptcy in Grassy Lake, Alberta
Considering declaring bankruptcy in Grassy Lake? No matter how bad or overwhelming your debt might seem, there are always solutions - and your MNP LTD Licensed Insolvency Trustee can help. Thousands of Canadians experience financial hardship every year, and for more than 50 years we have been there to help and provide solutions.
When you turn to your local MNP LTD office in Taber, you'll discover a staff of dedicated, skilled and experienced professionals from the same community as you. Don’t allow debt to consume your life. You have options; discover them with MNP LTD today.
There is 1 office near you
What is your best course of action?
Filing for Bankruptcy is a legal process which can help free you from most of your debts. 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, people find declaring Bankruptcy is not required for their financial situation; instead, they follow one of the alternative solutions we offer.
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 offer the most effective solution for your situation
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 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 consolidates your debt into a single monthly repayment and allows you to repay 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.
Those who are met with financial problems often think that declaring bankruptcy is their only option. What many don’t know is that there are many alternative debt solutions that may be better fitted to their unique requirements. Together, we can work out a solution that's best for you.