Bankruptcy Abbotsford – Filing Bankruptcy in Abbotsford, BC

MNP Abbotsford Bankruptcy TrusteesMNP Limited, 778-783-0783
300 – 32988 South Fraser Way, Abbotsford, BC, V2S 2A8

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Bankruptcy Abbotsford  Trustees, British Columbia

Bankruptcy Abbotsford

When trapped in an overwhelming debt situation it might feel like you are trapped. If you are faced with a debt situation you see no way out of, it is important that you talk to a professional bankruptcy Abbotsford expert who can help you make sense of your debt relief rights.

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Bankruptcy Abbotsford  Trustees, British Columbia & Debt Relief Expert About Your Options

Making the decision about declaring bankruptcy is difficult, however, it is often the right choice for a person facing an overwhelming debt situation. Our Licensed Insolvency Trustee (formerly a bankruptcy trustee) can also provide alternatives to bankruptcy, such as filing a consumer proposal.

Our Trustee will listen to details about your finances and help you understand the best debt relief solution based on your debt, income and assets. Once we have an understanding of your financial situation we can help you develop a plan to get out of debt. The first step to getting out of debt and living debt free is to arrange a free, confidential and no obligation consultation.

Bankruptcy Abbotsford Trustees, British Columbia

We can help you become – and stay – debt free!

If you would like to learn more about how to become debt free in a friendly, confidential and successful way please contact our Abbotsford bankruptcy office today. We will be pleased to arrange a stress-free debt evaluation at a convenient time.

If you decide to go into bankruptcy you can be debt free and out of the bankruptcy in as little as 9 months.

Most people who do go bankrupt keep all their assets because their assets are exempt in accordance with the provincial exemptions.

A Consumer Proposal is for people who want to pay a part of their debt of say 30% or wish to retain assets that may be lost in a bankruptcy. Payments are usually made over about 3 years.

Bankruptcy Abbotsford Trustees, British Columbia

We understand that facing financial difficulties can make it challenging to focus on anything else. The Abbotsford Bankruptcy page of Bankruptcy Canada was intended to provide Abbotsford bankruptcy advice and information.

Facing money problems is tough but there is help available. We can help you examine your finances and help you come up with a plan to get out of – and stay out of – debt!

Bankruptcy Abbotsford Trustees, British Columbia

Bankruptcy is a federally regulated legal procedure that gives a person a fresh start. You can have your debts eliminated in exchange for surrendering some of your assets.

Abbotsford Bankruptcy Trustees  law is covered by the Bankruptcy and Insolvency Act, which is legislation that is intended to give honest but unfortunate debtors a chance for a fresh start. If you are overwhelmed by debt bankruptcy in Abbotsford, you have the right to use the laws available to you should you need a clean slate.

In order to file for bankruptcy you must use a Licensed Insolvency Trustee.

No other debt relief expert can file bankruptcy or a consumer proposal for you.

Abbotsford Bankruptcy Trustees, British Columbia: What are the Advantages of Filing Bankruptcy?

Some of the advantages of filing bankrupt are:

  • Collection actions such as wage garnishments, collection calls and lawsuits relating to your unsecured debt are stopped;
  • You retain, most, if not all your assets per the BC bankruptcy exemptions;
  • Interest stops accruing;
  • When you are discharged from bankruptcy your debts are eliminated;
  • Your Trustee will provide you with two financial counselling sessions so you can increase your skills in managing money.

Get a FREE, no obligation confidential callback from a local trustee today.

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