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. 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.
Our local MNP LTD office in Peace River employs knowledgeable and courteous professionals with experience in filing for bankruptcy that work and live in the same communities as you. Don’t allow debt to consume your life. There are options -- discover them with MNP LTD now.
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. Step one is to contact your nearest
To determine the right course of action, you'll need to 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
A consumer proposal allows you to make arrangements to pay some or all of your unsecured debts through monthly payments over a specified period of time (up to a maximum of 5 years).
Depending on how much debt you’ve accumulated, you may have the option to contact your creditors directly and discuss a lower interest rate or a repayment schedule that suits your situation.
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.
Most people feel that with their debt piling up, filing for bankruptcy is the best course of action. Depending on your financial situation, more appropriate solutions may be available. We'll work together to create a plan that works best for you.