Filing for Bankruptcy in Bow Island, Alberta
Thinking about declaring bankruptcy in Bow Island? Speak to your local MNP LTD, where you'll discover a range of solutions. Thousands of Canadians experience financial hardship every year, and for more than 50 years we have been there to help and provide solutions.
Our local MNP LTD office in Medicine Hat has informative and highly recommended professionals with experience in filing for bankruptcy who work and live in your area. Don't let having debt encompass your life. Call or click to contact us today to discuss available debt solutions.
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Could other debt alternatives provide relief?
Filing for bankruptcy can help legally minimize your amount of debt. It is regulated by the Bankruptcy and Insolvency Act. Step one is to contact your nearest
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
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 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.
Often times, when individuals face financial problems their first instinct is declaring bankruptcy. There are of course many alternatives that may be more suitable for your situation. Together, we can work out a solution that's best for you.