Filing for Bankruptcy in Summerside, Prince Edward Island
Thinking of declaring bankruptcy in Summerside? With the help of your local MNP LTD Licensed Insolvency Trustee, your debt situation can be managed. Every year, we help thousands of Canadians work through financial difficulties at all levels and we can help you too.
When you turn to your local MNP LTD office in Summerside, you'll discover a staff of dedicated, skilled and experienced professionals from the same community as you. Don't let having debt encompass your life. Contact us now and regain control of your life.
There is 1 office near you
Could other debt alternatives provide relief?
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 thing to do is to speak with your local MNP LTD Licensed Insolvency Trustee to determine your best course of action. Many times, after hearing of other options available, people have realized declaring bankruptcy wasn't their best choice.
To determine the right course of action, you'll need to 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.
How your situation can benefit from our solutions
With a consumer proposal, you can arrange to pay some or all of your unsecured debts through monthly payments over a specified period of time (up to a maximum of 5 years).
Contingent on the amount of debt you have accumulated, it may be possible for you to contact your creditors directly to negotiate a lower interest rate or a repayment schedule that can help put you at ease.
Through debt consolidation, you can combine your debt into a single monthly repayment, which allows you to repay multiple creditors.
Most people feel that with their debt piling up, filing for bankruptcy is the best course of action. 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.