Filing for Bankruptcy in Salmon Arm, British Columbia
Thinking about declaring bankruptcy in Salmon Arm? No matter the level of debt you have, your local MNP LTD Licensed Insolvency Trustee can offer you solutions. Every year, thousands of Canadians turn to us to help them get through various types of financial difficulties -- and you can rely on us too.
Your local MNP LTD is staffed with dedicated professionals who are a part of and familiar with your community. Don’t allow debt to consume your life. You have options; discover them with MNP LTD today.
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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. First things first, get in touch with your local MNP LTD to learn about the options that are available to you. 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
The consumer proposal is a simple process that allows you to make arrangements to pay all, or part, of your unsecured debts through monthly payments over a specified period of time (up to a maximum of 5 years).
Depending on the amount of debt you’ve accumulated, you may have the option to talk with your creditors directly and reduce your interest rate or arrange a payment schedule that fits your circumstances.
With debt consolidation, you’ll be able to combine all your debt into one monthly repayment, which will allow you to repay multiple creditors.
Often times, when individuals face financial problems their first instinct is declaring bankruptcy. What many don’t know is that there are many alternative debt solutions that may be better fitted to their unique requirements. Together, we can work out a solution that's best for you.