Filing for Bankruptcy in Olds, Alberta
Considering declaring bankruptcy in Olds? 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’ll find a local MNP LTD office in Calgary (Downtown) staffed by knowledgeable professionals with experience in the steps to filing bankruptcy who live and work in the same communities as you do. Don’t let your debt troubles get out of control. Call us today and get back on track.
There is 1 office near you
Could other debt alternatives provide relief?
When it comes to freeing yourself from debt legally, you can choose to file for bankruptcy in Olds. 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. It is not uncommon occurrence, after speaking with us, that people sometimes realize that declaring bankruptcy is not the best solution for them.
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 offer the most effective solution for 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 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 combines your debt into a single monthly repayment so that you can pay off 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. 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.
For more information about declaring bankruptcy and other debt solutions available from MNP LTD, call us at 1-877-740-8970 or complete our online form to request your FREE, confidential consultation today!