Options Other Than Filing For Bankruptcy
Q:
I was wondering about a couple things regarding a couple different options I have as to either declaring bankruptcy or not having to if there is another option. I would like to come and talk to someone if that could be arrange.
Thanks for your time
There are definitely options that we should look at besides filing for bankruptcy.
Bankruptcy is certainly an option....but there are others we should take a look at as well.
We have a list of options on our website. You can find them at
http://www.mnpdebt.ca/personal/help/default.aspx.
They range from consolidating, changes to your budget, outside help, selling assets.....all ideas in order to avoid
filing something formal.
If they don't work, there is the Orderly Payment of Debt program, a Proposal, or Bankruptcy.
Which option will be right for you is going to depend on the specifics of your situation. IE: who you owe money to,
how much, what kinds of assets you own, and what your budget look like.
I'm not sure what region you live in. I will reply directly to your email, or you could contact on of our counsellors
in your area. They are located on our website at
http://www.mnpdebt.ca/contact/alberta/default.aspx.
Donna Carson, CGA, CIRP, Trustee
Calgary and Central Alberta regions
1.877.500.0792 donna.carson@mnp.ca