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Filing for Bankruptcy in Penhold, Alberta

Thinking about declaring bankruptcy in Penhold? Speak to your local MNP LTD., where you'll discover a range of solutions. Every year, we help thousands of Canadians work through financial difficulties at all levels and we can help you too.

You’ll find a local MNP LTD. office in Red Deer 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 allow debt to consume your life. There are options -- discover them with MNP LTD. now.

There is 1 office near you

Is it time to consider other debt help options?

Filing for bankruptcy can help legally minimize your amount of debt. It is regulated by the Bankruptcy and Insolvency Act. Step one is to contact your nearest MNP LTD. Licensed Insolvency Trustee, who will explain the process and provide insight on additional debt reduction options. Many times, after hearing of other options available, people have realized declaring bankruptcy wasn't their best choice.

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.

Personal Insolvency Counselling

MNP offers permanent life-changing debt solutions to individuals struggling with an overwhelming amount of debt. Our trustees are here to help.

Get Started Now!

Call us today at 587-802-4208 or fill out our form to get a free consultation!

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We tailor our solutions to your situation

Consumer Proposal

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). 

Informal Debt Settlement

Depending on the amount of debt you have, it may be possible for you to contact your creditors directly and negotiate a lower interest rate or a repayment schedule that works for you.

Debt Consolidation

Debt consolidation combines your debt into a single monthly repayment  so that you can pay off multiple creditors.

Orderly Payment of Debt

Under this program, the court will combine your loans and pay your unsecured debts on your behalf at a 5% per annum interest rate in three or more years.

Most people feel that with their debt piling up, filing for bankruptcy is the best course of action. You may be interested to learn that there may be more suitable solutions to your situation that you may not yet have considered. We'll work together to create a plan that works best for you.

To find out more about declaring bankruptcy and the other solutions MNP LTD. can offer you, call us at 587-802-4208 or comple the online form to request your FREE, private consultation!