Filing for Bankruptcy in Peace River, Alberta
Thinking about declaring bankruptcy in Peace River? Speak to your local MNP LTD., where you'll discover a range of solutions. Year after year, we help thousands of Canadians just like you break free from financial hardship.
Your local MNP LTD. is staffed with dedicated professionals who are a part of and familiar with your community. Debt problems shouldn't control your life. Call or click to contact us today to discuss available debt solutions.
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Is it time to consider other debt help options?
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, 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 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 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.
The first thought people have when confronted with debt problems is filing forbankruptcy. 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.
For more information about declaring bankruptcy and other debt solutions available from MNP LTD., call us at 1-877-739-0685 or complete our online form to request your FREE, confidential consultation today!