Filing for Bankruptcy in Rimbey, Alberta
Considering declaring bankruptcy in Rimbey? Start by turning to the trusted professionals at your local MNP LTD. to uncover the many options you may have. Year after year, we help thousands of Canadians just like you break free from financial hardship.
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. Debt problems shouldn't control your life. Contact us now and regain control of your life.
There is 1 office near you
Should you be looking into other debt solutions?
A legal process that can help free you from most of your debt is filing for bankruptcy in Rimbey. It is regulated by the Bankruptcy and Insolvency Act. First, you must contact your nearest MNP LTD. Licensed Insolvency Trustee, who will go over and explain your options based on your overall financial situation. Many times, after hearing of other options available, people have realized declaring bankruptcy wasn't their best choice.
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.
Our debt solutions are personalized
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).
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 allows you to pull all your debt into one primary monthly repayment which can be repaid to multiple creditors.
With the Orderly Payment of Debt (OPD) program, the court will merge your loans and pay — in three or more years — your unsecured debt on your behalf at a 5% yearly interest rate.
The first thought people have when confronted with debt problems is filing forbankruptcy. There are of course many alternatives that may be more suitable for your situation. We'll work together to create a plan that works best for you.