Filing for Bankruptcy in Lloydminster, Alberta
Thinking about declaring bankruptcy in Lloydminster? No matter the level of debt you have, your local MNP LTD Licensed Insolvency Trustee can offer you solutions. Year after year, we help thousands of Canadians just like you break free from financial hardship.
When you turn to your local MNP LTD office in Cold Lake, you'll discover a staff of dedicated, skilled and experienced professionals from the same community as you. Don’t allow debt to consume your life. Call us today and get back on track.
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Could other debt alternatives provide relief?
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 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. Many times, after hearing of other options available, people have realized declaring bankruptcy wasn't their best choice.
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.
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We tailor our solutions to your situation
Depending on the amount of debt you have, it may be possible for you to contact your creditors directly and negotiate a lower interest rate or a repayment schedule that works for you.
Debt consolidation gathers your debt into a single monthly repayment so that you can repay multiple creditors through one monthly payment.
Under this program, the court will combine your loans and pay your unsecured debts on your behalf at a 5% per annum interest rate in three or more years.
When it comes to your restoring your credit, there’s more than one way to get it done. Together with your MNP LTD Licensed Insolvency Trustee, you can review the advantages and disadvantages of each of your available options.
The first thought people have when confronted with debt problems is filing forbankruptcy. However, there are many solutions that may be better suited to your particular financial situation. Together, we can work out a solution that's best for you.