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Filing for Bankruptcy in Spruce Grove, Alberta

Considering declaring bankruptcy in Spruce Grove? Start by turning to the trusted professionals at your local MNP LTD. to uncover the many options you may have. Thousands of Canadians experience financial hardship every year, and for more than 50 years we have been there to help and provide solutions.

You can find an MNP LTD. office in Spruce Grove that is staffed with professionally trained debt solution experts with experience in how to file bankruptcy. Don’t let debt control your financial future. Call or click to contact us today to discuss available debt solutions.

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What is your best course of action?

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. The first step is to contact your local MNP LTD. Licensed Insolvency Trustee, who will discuss and explain all of your options based on the assessment of your debt situation. In many cases, after discussing the situation with an expert, people find that there are better debt options than declaring bankruptcy.

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.

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 587-401-3499 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 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 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

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

Orderly Payment of Debt

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.

The first thought people have when encountering financial difficulty is filing for bankruptcy. However, there are many solutions that may be better suited to your particular financial situation. We'll work together to create a plan that works best for you.

For more information about declaring bankruptcy and other debt solutions available from MNP LTD., call us at 587-401-3499 or complete our online form to request your FREE, confidential consultation today!