hero image hero image
Life-changing Debt Solutions
"Thank you for the excellent care and understanding"
Find other MNP offices
Find

Filing for Bankruptcy in Grimshaw, Alberta

Thinking of declaring bankruptcy in Grimshaw? With the help of your local MNP LTD Licensed Insolvency Trustee, your debt situation can be managed. Every year, we help thousands of Canadians find trusted solutions for their financial problems, and we can help you too.

When you turn to your local MNP LTD office in Peace River, 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. Call or click to contact us today to discuss available debt solutions.

There is 1 office near you

Could other debt alternatives provide relief?

A legal process, filing for bankruptcy can help reduce the majority of your debts. It is regulated by the Bankruptcy and Insolvency Act. The first and most important step is to contact your MNP LTD Licensed Insolvency Trustee, who will present you with all of your financial options based on the assessment of your current debt situation. In many cases, after discussing the situation with an expert, people find that there are better debt options than declaring bankruptcy.

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.

Personal Insolvency Counselling

MNP offers permanent life-changing debt solutions to individuals struggling with an overwhelming amount of debt. Our trustees are here to help.

Get Started Now!

Call us today at 1-877-739-0685 or fill out our form to get a free consultation!

FILL OUT FORM

We tailor our solutions to your situation

Consumer Proposal

The consumer proposal is a simple process that allows you to make arrangements to pay all, or part, of your unsecured debts through monthly payments over a specified period of time (up to a maximum of 5 years).

Informal Debt Settlement

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

Debt consolidation allows you to pull all your debt into one primary monthly repayment which can be repaid to multiple creditors.

Orderly Payment of Debt

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.

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.

To learn more about declaring bankruptcy and other options provided by MNP LTD, call us at 1-877-739-0685 or submit our online form to ask for your FREE, private consultation.