In Canada, student loans are subject to specific rules in bankruptcy. These loans can only be discharged if at least seven years have passed since you ceased being a student.
A consumer proposal is a formal agreement with your creditors to settle debts for less than the full amount owed. It allows you to avoid bankruptcy while providing a manageable repayment plan.
Receivership is a remedy available to secured creditors to recover their debt. A receiver is a person appointed by a secured creditor or by the court to take control of a company’s assets, sell them, and repay the creditor.
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We found ourselves in financial trouble, our backs were against the wall. We phoned the Red Deer MNP office. We waited way too long and should have done it sooner. The first phone call and we realized this is what we needed. They were all so kind and understanding. We didn't realize that we had options. Kristine and her staff took us through the whole process and we were so thankful for all their hard work. Always there when we text, not sure how...
Tanya, Kristine, and Melissa were the ones to help me, they were all so understanding and helpful. They explained everything in detail and made sure I understood. I didn't feel rushed out the door, judged or like they were talking down to me, like I did with a few other companies that I inquired with. If you're having financial problems, go talk to them.
I was in trouble, contacted MNP, they quickly helped me understand my options. They were super friendly and it made me feel safe and that I had a friend on my side. Years later, I need some documentation for a credit application and no surprise, they are still there to help. 12/10. 6 stars out of 5. Above and beyond service with no judgement.
I cannot stress enough how comfortable the fine folks at MNP have made the whole process of bankruptcy for me. They allayed my fears with their professional and personal attention to detail, guiding me through the process with compassion. I no longer feel like I am drowning; the light at the end of the tunnel is in view!
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