Filing for Bankruptcy in Woodstock, Ontario
Thinking about declaring bankruptcy in Woodstock? Speak to your local MNP LTD, where you'll discover a range of solutions. Thousands of Canadians experience financial hardship every year, and for more than 50 years we have been there to help and provide solutions.
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. Call us today and get back on track.
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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 thing to do is to speak with your local MNP LTD Licensed Insolvency Trustee to determine your best course of action. It is not uncommon occurrence, after speaking with us, that people sometimes realize that declaring bankruptcy is not the best solution for them.
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.
Personal Insolvency Counselling
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We offer the most effective solution for your situation
Depending on how much debt you’ve accumulated, you may have the option to contact your creditors and arrange to have your interest rate lowered or have a repayment schedule implemented that works with your needs.
Debt consolidation merges your debt into a single monthly repayment, allowing you to repay multiple creditors through one payment.
There are many ways you can restore your credit. Together, the advantages and disadvantages of each of your options will be reviewed.
Those who are met with financial problems often think that declaring bankruptcy is their only option. There are of course many alternatives that may be more suitable for your situation. Together, we can work out a solution that's best for you.