Filing for Bankruptcy in Bowden, Alberta
Are you considering declaring bankruptcy in Bowden? No matter how difficult the situation may seem, your debt troubles can be managed with help from your local MNP LTD Licensed Insolvency Trustee. Every year, we help thousands of Canadians find trusted solutions for their financial problems, and we can help you too.
Your local MNP LTD is staffed with dedicated professionals who are a part of and familiar with your community. Don’t let debt control your financial future. Contact us today and regain control of your finances.
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Should you be looking into other debt solutions?
Filing for Bankruptcy is a legal process which can help free you from most of your debts. 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. In many cases, people find declaring Bankruptcy is not required for their financial situation; instead, they follow one of the alternative solutions we offer.
To find out what is best for you, 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.
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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).
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.
The first thought people have when confronted with debt problems is filing forbankruptcy. Depending on your financial situation, more appropriate solutions may be available. Together, we can work out a solution that's best for you.