INSOLVENCY IN COCHRANE, ALBERTA
For insolvency in Cochrane, look no further than your local Licensed Insolvency Trustee at MNP LTD to help you with all your financial needs. Regardless of the current financial situation that you find yourself in — whether it’s contacting creditors or looking into options when it comes to filing for bankruptcy — we will work with you personally to ensure the solution implemented meets your exact financial needs. We pride ourselves on being able to help Canadians navigate through their financial troubles -- and we're standing by to help you too.
For over 50 years, Canadians have turned to us when they require help overcoming their financial difficulties. If you find yourself in need of advice and guidance to help you through your financial difficulty, turn to MNP to discover a solution that's right for you. Discover your options today by speaking with your local MNP Licensed Insolvency Trustee.
There is 1 office near you
We know that this is a hard time for you, which is why when you turn to MNP LTD, our dedicated staff will put you first. Our informative and insightful Licensed Insolvency Trustees know the value of professional insight that puts your needs and interests first, which is why we will take the time needed to assess your financial situation and provide solutions that are personally tailored to your needs. Let us help you discover the most effective course of action — we can provide you with a wide variety of options, including consumer proposals, bankruptcy, debt consolidation and more.
To ensure you receive the best solution, you’ll need to assess and gauge your financial situation. Contact us if:
- You're spending more than you earn
- Your creditors are threatening action
- You regularly fail to pay bills on time
- Your financial situation is causing you stress
The right solution for your situation
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 the amount of your debt, it is possible for you to contact your current creditors directly and discuss a lesser interest rate or set up 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.
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.
There are many ways you can restore your credit. Together, the advantages and disadvantages of each of your options will be reviewed.
If you are currently overwhelmed with debt, there are a wide range of options at your disposal and it may be difficult to determine which one is the best. At MNP LTD, we can provide you with lasting solutions that meet your specific financial needs. Together, we can walk you through all your available options.