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Filing for Bankruptcy in Penhold, Alberta

Are you considering declaring bankruptcy in Penhold? No matter how difficult the situation may seem, your debt troubles can be managed with help from your local MNP LTD Licensed Insolvency Trustee. Thousands of Canadians experience financial hardship every year, and for more than 50 years we have been there to help and provide solutions.

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 let your debt troubles get out of control. Call or click to contact us today to discuss available debt solutions.

There is 1 office near you

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. 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. It is not uncommon occurrence, after speaking with us, that people sometimes realize that declaring bankruptcy is not the best solution for them.

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.

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 offer the most effective solution for your situation

Consumer Proposal

The consumer proposal is a simple process that allows you to make arrangements to pay all, or part, of your unsecured debts through monthly payments over a specified period of time (up to a maximum of 5 years).

Informal Debt Settlement

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

Debt consolidation consolidates your debt into a single monthly repayment  and allows you to repay multiple creditors.

Orderly Payment of Debt

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.

When many people experience debt problems often, their first thoughts are filing for bankruptcy. Depending on your financial situation, more appropriate solutions may be available. We'll work together to create a plan that works best for you.

To learn more about declaring bankruptcy and other debt solutions provided by MNP LTD, call us at 587-802-4208 or submit our online form to request your FREE, confidential consultation!