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 find trusted solutions for their financial problems, and we can help you too.
Our local MNP LTD office in Red Deer 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. Contact us today and regain control of your finances.
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Should you be looking into other debt solutions?
Filing for Bankruptcy is a legal process which can help free you from most of your debts. It is regulated by the Bankruptcy and Insolvency Act. The first and most important step is to contact your
To determine how to handle your debt effectively, 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 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.
When many people experience debt problems often, their first thoughts are filing for bankruptcy. You may be interested to learn that there may be more suitable solutions to your situation that you may not yet have considered. Together, we can work out a solution that's best for you.