Filing for Bankruptcy in Nanton, Alberta
Thinking of declaring bankruptcy in Nanton? With the help of your local MNP LTD Licensed Insolvency Trustee, your debt situation can be managed. Every year, we help thousands of Canadians find trusted solutions for their financial problems, and we can help you too.
You’ll find a local MNP LTD office in Calgary (Downtown) staffed by knowledgeable professionals with experience in the steps to filing bankruptcy who live and work in the same communities as you do. Debt problems shouldn't control your life. Call us today and get back on track.
There is 1 office near you
What is your best course of action?
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 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. In the majority of cases, people discover that declaring bankruptcy is not required, but instead follow one of the alternative remedies we provide.
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 offer the most effective solution for your situation
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 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 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.
Those who are met with financial problems often think that declaring bankruptcy is their only option. Depending on your financial situation, more appropriate solutions may be available. Together, we can work out a solution that's best for you.