If you need debt help in Calgary, Edmonton, or throughout Alberta, there are several options available to assist. Everyone's situation is unique and we can help you explore all possible debt solutions before you make any decisions. Our professional team is understanding, respectful and here to help.
Depending on the amount of debt you have, it may be possible for you to contact your creditors directly and negotiate a lower interest rate or a repayment schedule that works for you.
When your financial obligations can no longer be met this legal option enables you to get immediate protection from your creditors and have a fresh start.
Communicate with creditors and explain your situation.
Debt consolidation gathers your debt into a single loan so that you can repay multiple creditors through one monthly payment. The interest rate is often lower than what your existing creditors offer. This service is generally provided by your bank or financial institution.
With informal debt settlement, creditors expect you to present them with a plan outlining how you can pay them back; there are many considerations, variables and potential challenges to be aware of.
An OPD is also referred to as a Consolidation Order and is an Order from either the Court of the Queen's Bench (Alberta) or Her Majesty's Court of the Queen's Bench (Saskatchewan). This program is available in Alberta, Saskatchewan, Prince Edward Island and Nova Scotia.
In situations where debt is low but repayment is becoming unmanageable help from a credit counselling agency may be an option. Non-profit credit counselling organizations contact creditors on your behalf. They also provide education and counselling on personal budgeting strategies and how to avoid debt.
Our Licensed Insolvency Trustees (formerly called Trustee in Bankruptcy or Bankruptcy Trustee) and Estate Managers believe everyone deserves a financial fresh start, while being treated with dignity and respect. We have offices conveniently located in Calgary, Edmonton, throughout Alberta, and across Canada.
To speak to someone now call us at 310-8888 for a free, no obligation, confidential consultation.
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