Filing for Bankruptcy in Olds, Alberta
Are you considering declaring bankruptcy in Olds? No matter how difficult the situation may seem, your debt troubles can be managed with help from your local MNP LTD Licensed Insolvency Trustee. Every year, thousands of Canadians turn to us to help them get through various types of financial difficulties -- and you can rely on us too.
You can find an MNP LTD office in Calgary (Downtown) that is staffed with professionally trained debt solution experts with experience in how to file bankruptcy. Don’t let debt problems take control of your life. Contact us now and regain control of your life.
There is 1 office near you
What is your best course of action?
A legal process that can help free you from most of your debt is filing for bankruptcy in Olds. It is regulated by the Bankruptcy and Insolvency Act. The first and most important step is to contact your
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.
How your situation can benefit from our solutions
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 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 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.