Filing for Bankruptcy in Manyberries, Alberta
Thinking of declaring bankruptcy in Manyberries? With the help of your local MNP LTD Licensed Insolvency Trustee, your debt situation can be managed. We help thousands of Canadians overcome all types of financial difficulties, and we're here to help you too.
Our local MNP LTD office in Medicine Hat has informative and highly recommended professionals with experience in filing for bankruptcy who work and live in your area. Don’t allow debt to consume your life. Contact us today and regain control of your finances.
There is 1 office near you
Could other debt alternatives provide relief?
Filing for Bankruptcy is an entirely legal process and can be effective in reducing the majority of your debt. 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 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.
We tailor our solutions to 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 total amount of debt you may have, this is an option to speak with your creditors directly and arrange a lower interest rate or a repayment schedule that works for you.
Debt consolidation gathers your debt into a single monthly repayment so that you can repay multiple creditors through one monthly payment.
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.
The first thought people have when encountering financial difficulty is filing for bankruptcy. 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.